Examlex

Solved

The Diagram Below Shows the Supply and Demand Diagrams for the Competitive

question 75

Multiple Choice

The diagram below shows the supply and demand diagrams for the competitive market for honey in one region.MC0 represents private marginal cost and MB0 represents private marginal benefit. The diagram below shows the supply and demand diagrams for the competitive market for honey in one region.MC<sub>0</sub> represents private marginal cost and MB<sub>0</sub> represents private marginal benefit.   FIGURE 16-3 -Refer to Figure 16-3.Assume there are two types of firms in this region - beekeepers that produce honey and orchard keepers that produce peaches.The bees provide a benefit to the orchard keepers by pollinating their peach trees.If the external marginal benefit is $4 per unit of honey,then what is the allocatively efficient output? A) 40 kg B) 60 kg C) 80 kg D) 100 kg E) 120 kg FIGURE 16-3
-Refer to Figure 16-3.Assume there are two types of firms in this region - beekeepers that produce honey and orchard keepers that produce peaches.The bees provide a benefit to the orchard keepers by pollinating their peach trees.If the external marginal benefit is $4 per unit of honey,then what is the allocatively efficient output?


Definitions:

Social Network Use

The extent and manner in which individuals engage with social networking platforms to communicate, share, or consume content.

Emotionally Stable

A psychological state in which an individual can manage their emotions and remain calm and composed under stress.

Introverted

A personality trait characterized by a focus on internal feelings rather than external sources of stimulation.

Research

Research is the systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions.

Related Questions