If a Product Has an External Benefit,how Does Its Marginal

question 285

Multiple Choice

If a product has an external benefit,how does its marginal private benefit compare to its marginal social benefit?

• A) Marginal private benefit is less than marginal social benefit.
• B) Marginal private benefit is greater than marginal social benefit.
• C) At low quantities, marginal private benefit is less than marginal social benefit but at high quantities, marginal private benefit is greater than marginal social benefit.
• D) At low quantities, marginal private benefit is greater than marginal social benefit but at high quantities, marginal private benefit is less than marginal social benefit.
• E) Marginal private benefit cannot be compared to marginal social benefit.

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Definitions:

Alzheimer Disease

A progressive neurodegenerative disorder characterized by memory loss, cognitive decline, and personality changes.

Brain Damage

Brain damage refers to physical or functional destruction of brain cells, potentially resulting in loss of cognitive, physical, or emotional abilities.

Alzheimer Disease

Alzheimer's disease is a progressive neurodegenerative disorder characterized by memory loss, cognitive decline, and changes in behavior and personality.

Anatomical Differences

Variations in physical structure and organization among individuals or between species.