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

question 10

Multiple Choice

Use the following to answer questions : $$\begin{array}{l}\text { Table: Externalities from Parks }\\\begin{array} { c c c } \hline \begin{array} { l } \text { Quantity of } \\\text { Land (acres) }\end{array} & \begin{array} { c } \text { Marginal } \\\text { Social } \\\text { Benefit }\end{array} & \begin{array} { c } \text { Marginal } \\\text { Social } \\\text { Cost }\end{array} \\\hline 0 & \$ 225 & \$ 0 \\1 & 200 & 50 \\3 & 150 & 150 \\4 & 125 & 200 \\5 & 100 & 250 \\9 & 0 & 450 \\\hline\end{array}\end{array}$$
-(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.If 5 hectares are dedicated to the park,this outcome is _____ because _____.

• A) efficient;MSB = MSC
• B) efficient;MSB > MSC
• C) inefficient;MSB > MSC
• D) inefficient;MSB < MSC

Appreciate the importance of common goals in supply chain partner relationships.

Describe the information flows between stores, consumers, distribution centers, and manufacturers.

Define different types of power in marketing channels.

Distinguish between RFID and UPC tags, their applications, and their importance in supply chains.

---

Definitions:

Resting State

A condition or period in which something is not active or operating, often used in reference to the brain or body.

Axon

A long, slender projection of a nerve cell, or neuron, that typically conducts electrical impulses away from the neuron's cell body.

Homeostasis

The process by which living organisms regulate their internal environment to maintain stable, optimal conditions despite changes in the external environment.

Vital Activities

Essential processes or actions necessary for the maintenance of life, including breathing, feeding, digestion, and reproduction among organisms.