Use the Following to Answer Questions

question 216

Multiple Choice

Use the following to answer questions:
Scenario: Ben and Nick
Ben and Nick are the only members of a community. They have revealed the marginal private benefits they each receive from a public good whose marginal social benefit is known. In addition, the marginal social cost (MSC) of the public good is known and is constant.
-(Scenario: Ben and Nick) Look at the figure and scenario Ben and Nick. At all levels of provision of the public good:

• A) Ben places a higher value on the public good than Nick.
• B) the MSC is less than the MSB.
• C) the optimal level is not attained.
• D) the private marginal benefits cannot be determined.

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Definitions:

Scope 1

Refers to direct greenhouse gas emissions from sources that are owned or controlled by an organization, such as emissions from company vehicles or facilities.

Reporting Entity

An organization or unit for which financial statements are prepared to reflect its economic activities and condition.

Direct Emissions

Emissions released straight into the atmosphere from a source owned or controlled by an entity, such as emissions from factory stacks or company vehicles.

GHG Sources

Points of origin from where greenhouse gases are emitted into the atmosphere, often related to energy production, transportation, and industry.