Use the Following to Answer Question

question 177

Multiple Choice

Use the following to answer question:
-(Table: Externalities from Parks) Use: Table: Externalities from Parks.The 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.Without government intervention,the amount of land dedicated to the public park will be _____ acres.

• A)0
• B)1
• C)3

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Definitions:

Supervisory Relationships

The dynamic between supervisors and their subordinates, characterized by guidance, support, and oversight in a work context.

Organization Chart

A visual representation that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.

Senior Managers

Top-level executives who are responsible for the overall management and effectiveness of the organization.

General Manager

An executive who has overall responsibility for managing both the revenue and cost elements of a company's income statement, known as profit & loss (P&L) responsibility.