If an External Benefit Is Present,then the

question 110

Multiple Choice

If an external benefit is present,then the

• A) marginal private benefit curve lies above the marginal private cost curve.
• B) marginal social benefit curve lies above the marginal private benefit curve.
• C) marginal social cost curve lies above the marginal private benefit curve.
• D) marginal social benefit is equal to the marginal social cost.
• E) marginal social benefit curve is the same as the marginal private benefit curve.

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Definitions:

Difference Threshold

The minimum difference in stimulation required to distinguish between two stimuli.

Absolute Threshold

The lowest level of a stimulus that can be perceived half the time by an individual.

Hearing Test

A procedure used to evaluate a person's ability to hear various sounds, frequencies, and volumes, typically conducted by an audiologist.

Activation of Receptors

The process by which receptors on the cell surface or inside the cell are engaged by specific stimuli, leading to a cellular response.