Raven Farms raises a substantial number of bees and uses the honey to produce its own skin healing cream. Raven Farms is situated next to Oakcreek Apple Orchard. The bees from Raven Farms pollinate Oakcreek's apple trees. In this instance, Raven Farms a) derives more private benefits and provides less social benefit. b) provides more social benefits than it derives in private benefits. c) provides a complete social benefit and derives a marginal private benefit. d) provides a marginal social benefit and derives a complete private benefit.
Raven Farms raises a substantial number of bees and uses the honey to produce its own skin healing cream. Raven Farms is situated next to Oakcreek Apple Orchard. The bees from Raven Farms pollinate Oakcreek's apple trees. In this instance, Raven Farms a) derives more private benefits and provides less social benefit. b) provides more social benefits than it derives in private benefits. c) provides a complete social benefit and derives a marginal private benefit. d) provides a marginal social benefit and derives a complete private benefit.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Raven Farms raises a substantial number of bees and uses the honey to produce its own skin healing cream. Raven Farms is situated next to Oakcreek Apple Orchard. The bees from Raven Farms pollinate Oakcreek's apple trees. In this instance, Raven Farms
a) derives more private benefits and provides less social benefit.
b) provides more social benefits than it derives in private benefits.
c) provides a complete social benefit and derives a marginal private benefit.
d) provides a marginal social benefit and derives a complete private benefit.
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