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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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