In the Figure Given Below,D₁ and S₁ Are the Private

question 5

Multiple Choice

In the figure given below,D₁ and S₁ are the private demand and supply curves,of a commodity produced by a competitive firm.S₂ reflects the social marginal cost of production,while S₀ represents the external marginal cost.
-In Figure 20-1,if the government levies a tax of $8 per unit of output,then:

• A)the marginal social benefit will exceed the marginal social cost and the good will be underproduced.
• B)marginal social benefit will not exceed the marginal social cost and the good will not be overproduced.
• C)marginal social benefit will exceed the marginal social cost and the good will be overproduced.
• D)marginal social cost will exceed the marginal social benefit and the good will be overproduced.

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Definitions:

Human Resources

The department within an organization that is responsible for hiring, training, managing, and supporting its workforce.

Transactional Work

Routine, day-to-day tasks that support the basic operations of a business, typically requiring less creativity and more process-oriented skills.

HR Department

The department within an organization responsible for activities related to employees, including hiring, training, compliance, and benefits.

Rule Based

A system or approach that applies predefined rules to decision-making, often used in programming and policy implementation.