When MPC Is Less Than MSC

question 7

Multiple Choice

When MPC is less than MSC,

• A)Firms will tend to produce more than is socially optimal
• B)The price of the product will be higher than the competitive price
• C)The firm must be a monopolist
• D)The firm will produce less than is socially optimal
• E)There are positive externalities in production

Recognize the connection between taste, smell, and their sensory receptors.

Describe the physiological basis and types of equilibrium and their importance in body orientation.

Understand the different types of sensory receptors based on the origin of stimuli and their roles in the sensory system.

Discuss the mechanisms underlying chemoreception, particularly in taste and smell.