Figure 10-11 -Refer to Figure 10-11.The Socially Optimal Quantity of Output Is

question 337

Multiple Choice

Figure 10-11
-Refer to Figure 10-11.The socially optimal quantity of output is

• A) 160 units,since the value to the buyer of the 160^th unit is equal to the cost incurred by the seller of the 160^th unit.
• B) 160 units,since the value to society of the 160^th unit is equal to the cost incurred by the seller of the 160^th unit.
• C) 280 units,since the value to the buyer of the 280^th unit is equal to the cost incurred by the seller of the 280th unit.
• D) 280 units,since the value to society of the 280^th unit is equal to the cost incurred by the seller of the 280^th unit.

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Definitions:

Social Development

The progression of acquiring the ability to interact with others and understanding societal norms.

Behaviorism

John B. Watson’s view that a science or theory of development must study observable behavior only and investigate relationships between stimuli and responses.

Cross-Sectional Study

A observational research method that analyzes data collected from a population, or a representative subset, at a specific point in time.

Hyperactive

Characterized by more than normal levels of active movement and behavior, often to the point of difficulty with concentration or calmness.