When 2,000 Hamburgers a Day Are Produced, the Marginal Social

question 11

Multiple Choice

When 2,000 hamburgers a day are produced, the marginal social benefit from the 2000th hamburger is $1.50 and its marginal social cost is $1.00. And when 7,500 hamburgers a day are produced, the marginal social benefit from the 2000th hamburger is $1.00 and its marginal social cost is $1.50. The efficient quantity of hamburgers is ________ a day

• A)less than 2,000
• B)between 2,000 and 7,500
• C)more than 7,500
• D)zero
• E)2,000

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Definitions:

Cerebellum

A part of the brain located at the back of the skull, essential for coordinating voluntary movements, balance, and posture.

Theory Of Mind

The cognitive ability to understand that others have beliefs, desires, intentions, and perspectives that are different from one's own.

Social Referencing

The process by which individuals look to others in their environment for cues on how to react or behave in specific situations or contexts.

Learning Theory

A branch of psychology that explains how humans and other animals learn, which can involve concepts like conditioning, reinforcement, and imitation.