Economics (Table: Positive Externalities from State Parks) Use: Table: Positive Externalities from State Parks. The table shows the marginal social benefit and marginal social cost of preserving various amounts of land for state parks. Suppose that stat parks yield benefits for the general public but that the marginal benefit that any one individual receives from state parks close to zero. Without government intervention, the amount of land dedicated to state parks will be acres. Table: Positive Externalities from State Parks Acres of Land 0 1 3 4 5 9 öööö Marginal Social Benefit (MSB) Marginal Social Cost (MSC) $225 200 150 125 100 0 $0 50 150 200 250 450
Economics (Table: Positive Externalities from State Parks) Use: Table: Positive Externalities from State Parks. The table shows the marginal social benefit and marginal social cost of preserving various amounts of land for state parks. Suppose that stat parks yield benefits for the general public but that the marginal benefit that any one individual receives from state parks close to zero. Without government intervention, the amount of land dedicated to state parks will be acres. Table: Positive Externalities from State Parks Acres of Land 0 1 3 4 5 9 öööö Marginal Social Benefit (MSB) Marginal Social Cost (MSC) $225 200 150 125 100 0 $0 50 150 200 250 450
Chapter1: Making Economics Decisions
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![Economics
(Table: Positive Externalities from State Parks) Use: Table: Positive Externalities from State Parks. The table shows the
marginal social benefit and marginal social cost of preserving various amounts of land for state parks. Suppose that state
parks yield benefits for the general public but that the marginal benefit that any one individual receives from state parks is
close to zero. Without government intervention, the amount of land dedicated to state parks will be _
acres.
Table: Positive Externalities from State Parks
Acres of Land
0
1
3
4
5
9
OOOO
Marginal Social Benefit (MSB) Marginal Social Cost (MSC)
$225
200
150
125
100
0
$0
50
150
200
250
450](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc1cea8e8-0bc7-480d-90a7-aeda8243d222%2F5b7559c4-03df-4d3b-bb29-cf9ac3ce0ac0%2Fed5z1j3_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Economics
(Table: Positive Externalities from State Parks) Use: Table: Positive Externalities from State Parks. The table shows the
marginal social benefit and marginal social cost of preserving various amounts of land for state parks. Suppose that state
parks yield benefits for the general public but that the marginal benefit that any one individual receives from state parks is
close to zero. Without government intervention, the amount of land dedicated to state parks will be _
acres.
Table: Positive Externalities from State Parks
Acres of Land
0
1
3
4
5
9
OOOO
Marginal Social Benefit (MSB) Marginal Social Cost (MSC)
$225
200
150
125
100
0
$0
50
150
200
250
450
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