The Following Table Shows the Costs and Benefit of Producing

question 78

Multiple Choice

The following table shows the costs and benefit of producing a commodity. Table 13.1
According to Table 13.1, the external cost of producing 5 units of the output is:

• A)$5.
• B)$6.
• C)$10.
• D)$8.
• E)$4.

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Definitions:

Condemned To Be Free

A philosophical concept, often associated with existentialism, suggesting that humans are burdened with the freedom and responsibility to choose and define their own existence.

Negative Freedom

Refers to the absence of obstacles, barriers, or constraints, allowing individuals the freedom to act without external interference.

Positive Freedom

Refers to the power or capacity to act upon one’s free will, often associated with the ability to fulfill one's true potential.

Kant

Refers to Immanuel Kant, an 18th-century German philosopher known for his work in epistemology, ethics, and aesthetics.