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

question 121

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 1 hectare is dedicated to the park,the park is _____ from a social perspective.

• A) too large
• B) the socially optimum size
• C) too small
• D) the efficient size

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Definitions:

Old and New Testaments

The two major divisions of the Christian Bible, with the Old Testament as the shared scripture with Judaism and the New Testament detailing the life and teachings of Jesus Christ.

Free Blacks

African Americans who were not enslaved, living freely in the United States during the era of slavery, often subject to segregation and discrimination.

Self-Defense

The right or act of defending oneself, one's property, or one's country against harm or danger using necessary force.

Sexual Assault

Any non-consensual sexual act prescribed by law, including when the victim is unable to give consent.