Refer to the Accompanying Table,where Q Represents the Quantity Produced,internal

question 20

Multiple Choice

Refer to the accompanying table,where Q represents the quantity produced,internal cost and social cost are given for various quantities,and P represents the price consumers are willing to pay for various quantities.

The social optimum occurs where price is ________ and quantity is ________.

• A) $70; 200
• B) $50; 200
• C) $60; 300
• D) $80; 300
• E) $60; 100

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Definitions:

Explanatory Style

Explanatory style refers to how individuals explain the causes of events in their lives, which can influence their optimism and pessimism.

Rumination

The continuous and obsessive thinking about certain distressing thoughts or feelings, often contributing to emotional distress.

Distraction

A factor or event that diverts attention from a desired focus, often leading to decreased performance or awareness.

Self-Esteem

One’s overall subjective sense of personal worth or value.