The Sum of the Marginal Private Benefit and the Marginal

question 103

Multiple Choice

The sum of the marginal private benefit and the marginal external benefit derived from eco-tourism in British Columbia is called the

• A) total private benefit.
• B) net gain.
• C) total external benefit.
• D) marginal social benefit.
• E) total Coase benefit.

---

Definitions:

Movement Of Information

The process by which data is transferred or communicated from one place, person, or system to another.

Process Layouts

A facility arrangement where similar activities or functions are grouped together, based on process or function, typical in batch production or flexible manufacturing environments.

Product-oriented Layouts

Layouts designed to streamline production by arranging equipment and processes in sequences that align with the product flow.

In-process Inventories

Goods and materials that are currently within the manufacturing process but not yet completed.