When There Is a Positive Externality

question 40

Multiple Choice

When there is a positive externality,

• A)the marginal private benefit received by consumers is greater than the external benefit.
• B)the marginal social benefit received by consumers is greater than the marginal private benefit.
• C)the marginal private benefit received by consumers is greater than the marginal private cost.
• D)the marginal private benefit received by consumers is greater than the marginal social benefit.

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Definitions:

Motivational Impact

The influence of various factors on an individual's willingness to pursue goals or perform tasks.

Realistic Goal

An objective that is achievable and practical, considering the available resources, constraints, and individual capabilities.

Extraordinary Challenge

A task or situation that is exceptionally difficult and requires unusual effort or resources to overcome.

Over-Extend

To stretch oneself too thin, either financially, emotionally, or physically, beyond one's capacity or resources.