Use the Following to Answer Questions

question 36

Multiple Choice

Use the following to answer questions :
Scenario: Private and External Benefits
A small community finds that tidy lawns and neighbourhoods provide both private and external benefits.They determine that the marginal private benefit (MPB) of lawns can be represented by the equation MPB = 50 - 0.5Q,where Q is the number of hours spent on keeping lawns tidy.The marginal private cost (MPC) of such lawn upkeep is represented by the equation MPC = 0.5Q,where Q is again the number of hours engaged in lawn upkeep.
-(Scenario: Private and External Benefits) Use Scenario: Private and External Benefits.The community decides that the marginal benefit to external parties from lawn upkeep is $15 and that it is important to maintain the socially optimal number of lawn upkeep hours.To achieve this goal,the community will:

• A) require community lawn service of 45 hours.
• B) subsidize everyone who contributes to lawn upkeep with a payment of $15.
• C) implement a Pigouvian lawn tax of $65.
• D) provide no additional funds to lawn upkeep.

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Definitions:

Zero-Argument Constructor

A constructor method in a class that does not require any parameters to create an instance of the class.

GetMessage

A function or method in many event-driven interfaces that retrieves messages or events from the event queue for the application to process.

DiskDriveNotReady

DiskDriveNotReady refers to an error condition indicating that a computer's disk drive is not in a ready state to read or write data.

Zero-Argument Constructor

A constructor in a class that takes no parameters, often used to create an instance of the object with default values.