Use the Following to Answer Question

question 130

Multiple Choice

Use the following to answer question:
-(Table: Externalities from Parks) Use: Table: Externalities from Parks.The table shows the marginal social benefit and the marginal social cost of preserving various amounts of land in a city for a public park.Suppose that parks result in positive benefits to the community as a whole but that the marginal private benefit that any one individual in the community gets from parks is close to 0.The socially optimum amount of land dedicated to the public park will be _____ acres.

• A)0
• B)1
• C)3

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Definitions:

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The process of finding prospects by a salesperson’s constantly watching what is happening in the sales area.

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A group or organization focused on generating and sharing potential customer contacts for the purpose of increasing sales.

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A professional who specializes in selling insurance policies to clients, advising them on risk management and protection strategies.