(Table: Externalities from Parks) the Table Shows the Marginal Social

question 210

Multiple Choice

(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.If 5 acres is dedicated to the park, the park is:

• A)too large.
• B)the socially optimum size.
• C)too small.
• D)the efficient size.

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Definitions:

Income Statement

A financial statement that shows a company's revenues, expenses, and profits over a specific period of time.

Telephone Expense

Costs incurred by a business for the use of telephone services.

Fees Earned

Revenue generated from services provided by a company or an individual.

Statement Of Owner's Equity

A financial document that shows the changes in the equity section of the balance sheet over a reporting period, including contributions, withdrawals, and earnings.