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Use the Following to Answer Questions -(Table: Externalities from Parks)Use: Table: Externalities from Parks

question 133

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Use the following to answer questions :  Table: Externalities from Parks  Quantity of  Land (acres)   Marginal  Social  Benefit  Marginal  Social  Cost 0$225$012005031501504125200510025090450\begin{array}{l}\text { Table: Externalities from Parks }\\\begin{array} { c c c } \hline \begin{array} { l } \text { Quantity of } \\\text { Land (acres) }\end{array} & \begin{array} { c } \text { Marginal } \\\text { Social } \\\text { Benefit }\end{array} & \begin{array} { c } \text { Marginal } \\\text { Social } \\\text { Cost }\end{array} \\\hline 0 & \$ 225 & \$ 0 \\1 & 200 & 50 \\3 & 150 & 150 \\4 & 125 & 200 \\5 & 100 & 250 \\9 & 0 & 450 \\\hline\end{array}\end{array}
-(Table: Externalities from Parks) Use: Table: Externalities from Parks.The table shows the marginal social benefit and the marginal social cost of preserving various amounts of land in a city for a public park.Suppose that parks result in positive benefits to the community as a whole but that the marginal private benefit that any one individual in the community gets from parks is close to 0.Without government intervention,at the amount of land dedicated to the public park,the marginal social benefit will be:

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Definitions:

Left-hand Generator Rule

A rule to determine the direction of induced current in a generator based on the direction of force and magnetic field.

Thumb Points

Typically refers to a method used in electromagnetic right-hand or left-hand rule demonstrations, where the thumb's direction represents the direction of current or force.

Induced Voltage

Voltage that is produced in a conductor by magnetic lines of flux cutting the conductor.

Electromagnetic Induction

The production of voltage across a conductor situated in a changing magnetic field or a conductor moving through a stationary magnetic field.

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