Use the Table Below to Answer the Following Questions

question 85

Multiple Choice

Use the table below to answer the following questions.
Table 16.2.1

-Refer to Table 16.2.1. Given in the table are the marginal private cost and the marginal social cost of the production of chemical fertilizer and the marginal social benefit from the consumption of fertilizer. If the government decides to correct the externality problem, it could

• A)subsidize production by $20 per unit.
• B)subsidize production by $10 per unit.
• C)provide the good itself.
• D)tax production by $10 per unit.
• E)tax production by $20 per unit.

---

Definitions:

Value Judgment

entails assessing the worth or value of something based on personal or societal standards, often incorporating ethical or moral considerations.

Quantitative

Referring to research methods that involve the collection and analysis of numerical data to understand patterns, relationships, and behaviors.

Sociological Perspective

A method of comprehending human actions by situating them in their wider societal environment.

Quality of Mind

the ability to critically engage with and reflect upon one's surroundings and experiences, often related to societal awareness and understanding.