Table 10-3
​
​ -Refer to Table 10-3

question 92

Multiple Choice

Table 10-3
​
​
$$\begin{array} { | c | c | c | c | } \hline \begin{array} { c } \text { Quantity } \\\text { (Units) }\end{array} & \begin{array} { c } \text { Private Value } \\\text { (Dollars) }\end{array} & \begin{array} { c } \text { Private Cost } \\\text { (Dollars) }\end{array} & \begin{array} { c } \text { External Benefit } \\\text { (Dollars) }\end{array} \\\hline 1 & 22 & 12 & 10 \\\hline 2 & 20 & 15 & 10 \\\hline 3 & 18 & 18 & 10 \\\hline 4 & 16 & 21 & 10 \\\hline 5 & 14 & 24 & 10 \\\hline 6 & 12 & 27 & 10 \\\hline\end{array}$$
-Refer to Table 10-3. The socially optimal quantity of output is

• A)3 units.
• B)4 units.
• C)5 units.
• D)6 units.

Discern the relationship between economic policies, resource allocation, and societal welfare.

Understand the relationship between economics and how society allocates its limited resources.

Identify major cities and their notable Renaissance architectural landmarks.

Recognize influential Renaissance artists and their contributions to sculpture.

---

Definitions:

Quantity

A property that can exist as a magnitude or multitude, often measurable and used in mathematics and science.

Nonpolitician

An individual who is not actively involved in politics or holding a governmental office.

Senator

An elected or appointed member of a legislative body, specifically the upper house in many countries.

Gross Motor Coordination

The ability to use large muscle groups to perform movements smoothly and accurately.