In the Absence of Government Interference, There Is a Constant

question 28

Multiple Choice

in the absence of government interference, there is a constant marginal cost of $5 per ounce for growing marijuana and delivering it to buyers.If the probability that any shipment of marijuana seized is .30 and the fine if a shipper caught is $50 per ounce, then the equilibrium price of marijuana per ounce is

• A)$28.57.
• B)$20.
• C)$55.
• D)$3.50.
• E)$6.50.

---

Definitions:

Hippocampus

A major component of the brain involved in memory formation and spatial navigation.

Thalamus

A vital structure located in the brain's diencephalon, acting as a relay station transmitting sensory and motor signals to the cerebral cortex.

Hypothalamus

A small region of the brain that plays a crucial role in many important functions, including releasing hormones and regulating body temperature.

Hippocampus

A region of the brain crucial for the formation and retrieval of memories.