Figure 13.2 Private and Socially Ideal Choices When

question 11

Multiple Choice

Figure 13.2
Private and Socially Ideal Choices when
Marginal Social Benefit Exceeds Marginal Private Benefit

-According to figure 13.2 if the market is unregulated:

• A) The private decision-maker only considers his marginal private benefit and the quantity consumed will be QP
• B) The private decision-maker only considers his marginal private benefit and the quantity consumed will be Qs
• C) The social decision-maker considers the marginal social benefit and the quantity consumed will be QP
• D) The private decision-maker considers his marginal social benefit and the quantity consumed will be QP

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Definitions:

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Enduring characteristics that describe an individual's behavior and attitude.

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One of the five major personality traits, indicating an individual's propensity towards cooperation, compassion, and social harmony.

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