If a Product Has an External Benefit,how Does Its Marginal

question 285

Multiple Choice

If a product has an external benefit,how does its marginal private benefit compare to its marginal social benefit?

• A) Marginal private benefit is less than marginal social benefit.
• B) Marginal private benefit is greater than marginal social benefit.
• C) At low quantities, marginal private benefit is less than marginal social benefit but at high quantities, marginal private benefit is greater than marginal social benefit.
• D) At low quantities, marginal private benefit is greater than marginal social benefit but at high quantities, marginal private benefit is less than marginal social benefit.
• E) Marginal private benefit cannot be compared to marginal social benefit.

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Definitions:

Psychoanalytic Therapy

A form of psychological treatment based on Sigmund Freud's theories, aiming to explore unconscious conflicts and desires that influence behavior.

Free Association

A psychoanalytic technique in which a patient says whatever comes to mind in order to uncover unconscious thoughts and feelings.

Unconditional Positive Regard

Referring to the warmth, respect, and accepting atmosphere created by the therapist for the client in person-centered therapy; positive regard that is given without conditions or strings attached.

Transference

In psychoanalysis, the process by which emotions originally associated with one person are unconsciously shifted to another person.