Suppose 10 Citizens Each Derive Marginal Benefit from Traffic Lights

question 65

Multiple Choice

Suppose 10 citizens each derive marginal benefit from traffic lights according to the function MB = 10 - Q.If traffic lights cost $10 each to produce,what is the efficient quantity of traffic lights?

• A) 9 traffic lights
• B) 12 traffic lights
• C) 8 traffic lights
• D) 1 traffic light

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Definitions:

Schizophrenia

An illness of the mind manifested through irregular behavior, odd speech patterns, and a diminished capacity to grasp what is real.

Rational Path

A course of action guided by logic and reason rather than emotions or impulses.

Disturbing Symptoms

Manifestations of illness or disorders that are troubling both to the individual experiencing them and to others, potentially disrupting normal functioning.

Cognitive-Behavioral Orientation

A psychological approach that combines cognitive and behavioral techniques to modify dysfunctional emotions, behaviors, and thoughts.