-The Table Above Shows the Marginal Social Benefit of Fishing

question 56

Multiple Choice

-The table above shows the marginal social benefit of fishing in the Mediterranean Sea. The marginal private cost of operating a fishing boat is the same for all producers; $300 per hour. The marginal social cost is twice the marginal private cost. If the government sets a production quota, the profit on the last tonne of fish caught is ________ per tonne.

• A) $0
• B) $100
• C) $200
• D) $300
• E) $400