-Tom and Jerry Are the Only Members of Society

question 158

Multiple Choice

-Tom and Jerry are the only members of society. The table above shows their marginal benefits from defense satellites, a public good. If the marginal social cost of a satellite is $54, the quantity of satellites provided by a competitive market is

• A) 0.
• B) 1.
• C) 2.
• D) 3.

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Definitions:

Need For Cognition

A personality trait that denotes a person's desire or enjoyment of thinking, understanding, and analyzing complex ideas.

Fear

An emotional response to a perceived threat, which can be either real or imagined, triggering fight or flight reactions.

Persuade

The act of convincing someone to do or believe something through reasoning or the use of emotional appeal.

Sexually Transmitted Infections

Infections commonly spread through sexual contact, including viruses, bacteria, and parasites.