Figure 14-8 -Refer to Figure 14-8.To Maximize Total Surplus,a Benevolent Social Planner

question 523

Multiple Choice

Figure 14-8
-Refer to Figure 14-8.To maximize total surplus,a benevolent social planner would choose which of the following outcomes?

• A) 100 units of output and a price of $10 per unit
• B) 150 units of output and a price of $10 per unit
• C) 150 units of output and a price of $15 per unit
• D) 200 units of output and a price of $10 per unit

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Definitions:

Mate Selection

The process by which individuals choose their partners based on a variety of factors including personal preferences, social influences, and biological factors.

Physical Attractiveness

The degree to which a person's physical traits are considered aesthetically pleasing or beautiful by others.

Homogamy

A standard for mate selection in which one chooses a potential mate based on her or his similarity to oneself in religion, SES, race, education, and so on.

Agency

In cognitive functioning, the ability to act without an external trigger or to engage in self-motivated behavior. In social-emotional functioning, a constituent of generativity that involves generating, creating, and producing things, ideas, people, events, and so on as powerful extensions of the self.