For a Common Resource Such as Fish,the Marginal Private Benefit

question 147

Multiple Choice

For a common resource such as fish,the marginal private benefit ________ the marginal social benefit and the marginal private cost ________ the marginal social cost.

• A) equals; is less than
• B) is greater than; equals
• C) equals; equals
• D) is less than; is less than
• E) is greater than; is greater than

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Definitions:

Stock Split

A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares, though the overall market capitalization remains the same.

Market Price

The present cost at which a service or asset is available for purchase or sale in the open market.

Paid-In Capital

The amount of capital provided by shareholders in exchange for shares of a company's stock.

Stock Split

A corporate action that increases the number of a corporation's outstanding shares by dividing each share, which in turn reduces the price per share.