-The Table Above Shows the Marginal Social Benefit of Fishing

question 76

Multiple Choice

-The table above shows the marginal social benefit of fishing in 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.The efficient quantity of fish caught is ________ tons.

• A) 100
• B) 200
• C) 300
• D) 400
• E) 500

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Definitions:

Cause-and-Effect Pattern

A method of organizing information in a text that outlines the reasons for (causes) and the outcomes of (effects) specific events or phenomena.

Time Pattern

A method of organizing information based on chronological order or sequence in which events occur.

Task Pattern

A repeated or common way of executing a task or series of tasks, especially in user interface design and user experience studies.

Incident Report

A document detailing the occurrence of an event, often an accident or unexpected incident, within an organization or company, used for future prevention and record-keeping.