Use the Following to Answer Question

question 57

Multiple Choice

Use the following to answer question:
-(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.At the socially optimum amount of land dedicated to the public park,the marginal social benefit will be:

• A)$225.
• B)$150.
• C)$100.
• D)$0.

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Definitions:

University of Washington

A public research university located in Seattle, Washington, known for its medical, engineering, and science programs.

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Fundamental human requirements for psychological wellbeing, such as love, esteem, acceptance, and a sense of belonging.

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