Refer to the Accompanying Table, Where Q Represents the Quantity

question 26

Multiple Choice

Refer to the accompanying table, where Q represents the quantity produced, internal cost and social cost are given for various quantities, and P represents the price consumers are willing to pay for various quantities. $\begin{array}{lll}Q&\text { Internal Cost }&\text { Social Cost }&P\\100&\$ 40 & \$ 60 & \$ 80 \\200&\$ 50 & \$ 70 & \$ 70 \\300&\$ 60 & \$ 80 & \$ 60 \\400&\$ 70 & \$ 90 & \$ 50 \\500&\$ 80 & \$ 100 & \$ 40 \\600&\$ 90 & \$ 110 & \$ 30\end{array}$ The market equilibrium occurs where price is _________ and quantity is _________.

• A) $70; 200
• B) $50; 200
• C) $60; 300
• D) $80; 300
• E) $60; 100

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Definitions:

Child-care Workers

Individuals who provide care and supervision for children, especially during working hours for parents, often in settings like daycare centers or private homes.

Intersectional Theory

An analytical framework which identifies how interlocking systems of power impact those who are most marginalized in society.

Race

A social construct used to categorize humans into large and distinct populations or groups by anatomical, cultural, ethnic, genetic, geographical, historical, linguistic, religious, or social affiliation.

Ethnicity

A category of people who identify with each other based on shared attributes such as cultural heritage, language, history, ancestry, or nationality.