Based on the Figure Above,if the Factory Owned the River

question 132

Multiple Choice

Based on the figure above,if the factory owned the river then at the equilibrium,marginal social cost would ________ marginal benefit,and the quantity of chemical produced would be ________.

• A) exceed; above the efficient quantity
• B) exceed; below the efficient quantity
• C) be below; above the efficient quantity
• D) be below; below the efficient quantity
• E) equal; efficient

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Definitions:

Transitions

The process or period of changing from one state or condition to another in life, work, or environment.

Single-Parent Household

A household in which one parent is responsible for raising child(ren) without the presence of a spouse or partner.

Family Function

The roles and operations within a family unit, including emotional support, socioeconomic provision, and upbringing of children.

Household Members

Individuals who occupy the same residential unit and share living arrangements, which may or may not be related by blood or marriage.