This Graph Shows the Marginal Cost and Marginal Benefit Associated

question 182

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. A state initiative requiring towns to spend at least $20 per day on litter removal would be ________ because ________.

• A)efficient; reducing litter is socially optimal
• B)inefficient; the marginal cost of litter removal would exceed the marginal benefit
• C)inefficient; $20 is insufficient to remove all of the litter
• D)efficient; it solves the inefficiency created by the negative externality

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Definitions:

Distributed Leadership

A leadership approach where authority and decision-making responsibilities are spread among multiple members within a group or organization, emphasizing collaboration and empowerment.

Task Activities

Actions taken by team members that directly contribute to the group’s performance purpose.

Life Cycle

The series of changes in the life of an organism or product, from its beginning to its end or renewal.

Storming Stage

The second phase in Tuckman's model of team development, characterized by conflict and competition as team members start to assert their opinions.