Use the Following to Answer Question

question 144

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.If 5 acres are dedicated to the park,this outcome is _____ because _____.

• A)efficient;MSB = MSC
• B)efficient;MSB > MSC
• C)inefficient;MSB > MSC
• D)inefficient;MSB < MSC

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Definitions:

One Living Species

Refers to the concept of a species being the sole surviving member of its genus or family, often highlighting the vulnerability of such species to extinction.

Trunk-like Stem

Describes the main stem of a plant that is notably thick and strong, resembling the trunk of a tree.

Compound Leaves

Leaves that are divided into multiple leaflets, all attached to a single stem, as opposed to single, undivided leaves.

Pines

Type of conifer trees belonging to the genus Pinus, known for needle-like leaves and production of cones containing seeds.