-The Table Above Shows the Marginal Social Benefit of Fishing

question 10

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.If the government sets a production quota,to have the efficient quantity of fish caught,the quote should equal ________ tons of fish.

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

Recognize the impact of technology, market deregulation, and globalization on global business.

Define intellectual capital and recognize its value in the knowledge-based economy.

Identify the characteristics of a knowledge worker.

Understand the concept of globalization and its effects on business competition and operations.

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Definitions:

High Courts

The senior courts in a country that typically handle appellate cases and significant legal matters, often with jurisdiction over other lower courts.

Poor Law

Legislation aimed at providing aid and support to the impoverished segments of society, notably the English Poor Laws which established a system of poor relief.

Assistance

The act of helping or aiding someone or something, often referring to support provided by individuals, organizations, or governments.

Community

A group of people living in the same place or having a particular characteristic in common, often sharing a sense of identity and belonging.