In the Absence of Government Interference, There Is a Constant

question 26

Multiple Choice

in the absence of government interference, there is a constant marginal cost of $5 per ounce for growing marijuana and delivering it to buyers.If the probability that any shipment of marijuana seized is .10 and the fine if a shipper caught is $20 per ounce, then the equilibrium price of marijuana per ounce is

• A)$25.
• B)$4.50.
• C)$7.78.
• D)$7.
• E)$5.50.

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Definitions:

Catatonic Posturing

A symptom of severe mental disorder characterized by a person maintaining unusual and fixed positions for extended periods.

Neuromotor

Pertaining to the control of movement by the nervous system.

Psychomotor

Pertaining to the relationship between cognitive functions and physical movement.

Positive

In the context of psychology, Positive refers to emotions, attitudes, or aspects that are constructive, beneficial, and promoting well-being and mental health.