Table: Security in a Residential Community Quantity of Security Guards Total Cost Total Individual Benefit to Each Resident 0 $0 $0 1 $150 $10 2 $30 $16 3 $450 $18 4 $600 $19 Reference: Ref 17-3 Table: Security in a Residential Community (Table: Security in a Residential Community) Use Table: Security in a Residential Community. Suppose that the residential community has 100 residents. The marginal cost of hiring the second security guard is _____, and the marginal social benefit is _____. Select one: a. $150; $600 b. $450; $1,800 c. $450; $600 d. $150; $200

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Policy Instruments for Environmental protection

Policy Instruments for Environmental Protection link policy development and decision making to policy implementation to protect the environment and promote sustainable development. Economic growth brings great risk to the environment and often puts increased pressure on environmental resources. But it is the responsibility of the policymakers to ensure that the risk caused to the environment through developmental projects is kept in check. Environmental protection is central to sustainable development. They can be both beneficial and equitable. Environment protection policies can be used to deter environmentally damaging activities. They also improve social equity and raise revenue.