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

question 182

Multiple Choice

(Scenario: Private and External Benefits) Use Scenario: Private and External Benefits.The community decides that the marginal benefit to external parties from lawn upkeep is $15 and that it is important to maintain the socially optimal number of lawn upkeep hours.To achieve this goal,the community will: 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)require community lawn service of 45 hours.
• B)subsidize everyone who contributes to lawn upkeep with a payment of $15.
• C)implement a Pigouvian lawn tax of $65.
• D)provide no additional funds to lawn upkeep.

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Definitions:

Aseptic Technique

A set of specific practices and procedures performed under sterile conditions to minimize the risk of introducing pathogens during medical procedures or surgeries.

Infection

The invasion and multiplication of microorganisms such as bacteria, viruses, and parasites that are not normally present within the body.

Enteral Feedings

The delivery of nutrients directly into the stomach or intestine via a feeding tube.

Administering Medications

The process of giving drugs to a patient as prescribed, which can be oral, intravenous, or through other routes.