This Graph Shows the Marginal Cost and Marginal Benefit Associated

question 144

Multiple Choice

This graph shows the marginal cost and marginal benefit associated with roadside litter clean up. Assume that the marginal benefit curve and marginal cost curve each have their usual slope. From the graph, one can infer that:

• A)the marginal benefit of picking up the 10th bag of litter exceed the marginal cost.
• B)the marginal cost of picking up the 10th bag of litter exceed the marginal benefit.
• C)the marginal benefit of picking up the 20th bag of litter exceed the marginal cost.
• D)the total benefit of having 30 bags removed is zero.

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Definitions:

Thinking Patterns

Habitual ways or styles of thinking that determine the manner in which individuals perceive, interpret, and subsequently react to events, situations, and scenarios in their lives.

Rational Logical

Pertaining to the ability or process of reasoning in a clear, consistent, and deductive manner to solve problems or make decisions.

Cognitive-Behavioral

A therapeutic approach that focuses on changing negative thought patterns and behaviors to improve mental health.

Insight

The sudden perception of relationships among various parts of a problem, allowing the solution to the problem to come quickly.