A Common Resource Is Used Efficiently If

question 137

Multiple Choice

A common resource is used efficiently if

• A) the output is maximized.
• B) marginal social benefit equals marginal social cost.
• C) marginal private benefit equals marginal cost.
• D) marginal social benefit is maximized.
• E) only the excess of the resource is utilized.

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Definitions:

Antidepressant

A medication or other intervention that is used to prevent or treat depression by altering brain chemistry, often by increasing levels of serotonin and other neurotransmitters.

Antipsychotic Drugs

Medications used to manage psychosis, including delusions, hallucinations, paranoia, or disordered thought, primarily in conditions like schizophrenia.

Synapses

Points of connection where neurons communicate with each other through chemical and electrical signals.

Hippocampus

A region of the brain associated with memory formation, spatial navigation, and the regulation of emotional responses.