-The Table Above Shows the Marginal Social Benefit of Fishing

question 69

Multiple Choice

-The table above shows the marginal social benefit of fishing in Mediterranean Sea.The marginal private cost of operating a fishing boat is the same for all producers,$300 per hour.The marginal social cost is twice the marginal private cost.With no government intervention,the equilibrium quantity of fish caught is ________ tons.

• A) 100
• B) 200
• C) 300
• D) 400
• E) 500

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Definitions:

Motor Skills

The abilities required to perform precise physical actions using muscle coordination and control.

Arnold Gesell

An American psychologist and pediatrician known for his work in child development and for establishing developmental milestones.

Jean Piaget

A Swiss psychologist known for his pioneering work in child development, especially his theory of cognitive development.

Built-In Reactions

Inherent responses present from birth that are physiologically based and do not need to be learned, such as reflexes or instinctive behaviors.