(Scenario: Private and External Benefits)Use Scenario: Private and External Benefits

question 7

Multiple Choice

(Scenario: Private and External Benefits) Use Scenario: Private and External Benefits.How many hours of lawn upkeep will occur in this community,and what will be the marginal private benefit of such upkeep? Scenario: Private and External Benefits
A small community finds that tidy lawns and neighborhoods provide both private and external benefits.They determine that the marginal private benefit (MPB) of lawns can be represented by the equation MPB = 50 - 0.5Q,where Q is the number of hours spent on keeping lawns tidy.The marginal private cost (MPC) of such lawn upkeep is represented by the equation MPC = 0.5Q,where Q is again the number of hours engaged in lawn upkeep.

• A)50 hours and $50
• B)45 hours and $20
• C)50 hours and $25
• D)100 hours and $50

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Definitions:

Pressure Ulcer

An injury to the skin and underlying tissue, usually over a bony prominence, as a result of prolonged pressure or pressure in combination with shear.

Purulent Drainage

A thick, yellow, green, or brown discharge from a wound, indicating infection.

Elevated Temperature

A body temperature that is higher than the normal range, often indicative of infection, inflammation, or other medical conditions.

Ambulatory Care

Medical care provided on an outpatient basis, including diagnosis, observation, consultation, treatment, intervention, and rehabilitation services.