Use the Following to Answer Questions

question 63

Multiple Choice

Use the following to answer questions:
Suppose the size of a population of marmots is 300.
-According to genetic drift theory, what is the probability that a newly arisen mutation will become fixed in this population?

• A) 1/100
• B) 1/300
• C) 1/600
• D) 1/1,200
• E) None of the above

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Definitions:

Marginal Social Benefit

The additional benefit to society as a whole from the consumption of one more unit of a good or service.

Marginal Social Cost

The additional cost incurred by society as a whole due to producing one more unit of a good or service.

Pollution

The contamination of the natural environment, leading to adverse effects on ecosystems and human health.

Marginal Social Cost

The extra expense society incurs from the production of an additional unit of a good or service.