Use the Following to Answer Questions

question 196

Multiple Choice

Use the following to answer questions:
-(Table: Externalities from Parks) The table Externalities from Parks shows the marginal social benefit and the marginal social cost of preserving various amounts of land in a city for a public park. Without government intervention, at the amount of land dedicated to the public park the marginal social benefit will be:

• A) $225.
• B) $150.
• C) $100.
• D) $0.

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Definitions:

Payee

The individual or entity to whom a payment is to be made or who receives the payment.

Note

A written record or reminder, often used in contracts or financial transactions to denote terms, obligations, or agreements.

Maker

A maker is the party that issues or creates a financial instrument, such as a check or promissory note, committing themselves to pay a specified amount of money to a designated beneficiary.

Corporate Purchase

A transaction involving the acquisition of assets or stock of a company by another corporation.