-The Table Above Shows the Marginal Social Benefit of Fishing

question 161

Multiple Choice

-The table above shows the marginal social benefit of fishing in Mediterranean Sea.The marginal private cost of operating a fishing boat is the same for all producers,$300 per hour.The marginal social cost is twice the marginal private cost.If the government sets a production quota,the profit on the last ton of fish caught is ________ per ton.

• A) $0
• B) $100
• C) $200
• D) $300
• E) $400

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Definitions:

Explanandum

The phenomenon or event that is being explained in a scientific theory or investigation.

Explanation

Providing information or reasons to make something clear or understandable, often answering "why" or "how" questions.

Office Building

A structure designed primarily for occupancy by one or more organizations for the purpose of conducting business or administrative services.

Hypothesis

A proposed explanation for a phenomenon, made as a starting point for further investigation.