The Total Value to Society of Having Garbage Removed Is

question 19

Multiple Choice

The total value to society of having garbage removed is greater than the value of baseball games.Why, then, are baseball players paid more than garbage collectors?

• A)Although the total value of garbage removal is greater than the total value of baseball, wages are determined by average values.
• B)Garbage removal results in significant external benefits that are not captured in the price paid for garbage removal. As a result, wages of garbage collectors do not reflect their social benefits.
• C)There is greater competition in the garbage collection industry than there is in Major League Baseball.
• D)Wages do not depend on total values but marginal values. The marginal revenue product of baseball players exceeds the marginal revenue product of garbage collectors.

---

Definitions:

Trazodone

A medication primarily used in the treatment of depression, that can also help with anxiety and insomnia.

Temazepam

A benzodiazepine medication used to treat insomnia by affecting chemicals in the brain that may be unbalanced in people with sleep problems.

Insufficient Rest

A state where the amount and quality of sleep or rest are not enough to ensure full recovery or optimal functioning of the body and mind.

Academic Demands

The requirements and expectations placed on students relating to their educational coursework and activities.