Refer to the Information Provided in Figure 3

question 51

Multiple Choice

Refer to the information provided in Figure 3.11 below to answer the questions that follow.
Figure 3.11
-Refer to Figure 3.11.Assume hamburgers are a normal good.An increase in income will cause a movement from

• A)Point A to Point B.
• B)Point G to Point F.
• C)D_{1 to} D₂.
• D)S_{1 to} S₂.

---

Definitions:

Marginal Social Cost

The cost to society of producing one additional unit of a good or service, including both the private costs and any external costs.

Oil Refinement

The process of transforming crude oil into useful products like gasoline, diesel, and jet fuel through various physical and chemical treatments.

Pollution Fee

A financial charge applied to entities that emit pollutants, intended to discourage environmental pollution by making it economically costly.

Marginal External Cost

The cost imposed on a third party by the production of an additional unit of a good or service.