Graph 10-3 This Graph Reflects the Market for Kiwifruit

question 40

Multiple Choice

Graph 10-3 This graph reflects the market for kiwifruit, where pesticide used by kiwifruit orchardists also unintentionally kills honey bees.
-Refer to Graph 10-3.The social cost curve is above the supply curve because:

• A)it takes into account the external costs imposed on society by the kiwifruit farmers
• B)honeybees are also a cost to society
• C)kiwifruits are likely to cost more than growing the kiwifruit costs the organisers
• D)workers on kiwifruit orchards also benefit from the job opportunities

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Definitions:

Informative

Providing useful or important information or details.

Assumptions

Statements or ideas accepted as true without proof, used as the basis for reasoning or argumentation.

Explanandum

The phenomenon or event that is to be explained, often used in the context of scientific inquiry.

Hypothesis

A proposed explanation for a phenomenon, often based on limited evidence as a starting point for further investigation.