Asked by
terry bryant
on Oct 26, 2024
Verified
(Table: Street Cleanings) Use Table: Street Cleanings.Increasing the number of street cleanings per month from _____ would yield a marginal social benefit (for Peter and Wendy together) equal to $12.
A) 1 to 2
B) 2 to 3
C) 3 to 4
D) 4 to 5
Marginal Social Benefit
The additional benefit to society from consuming one more unit of a good or service.
Street Cleanings
Municipality-provided services that remove dirt, litter, and debris from roads and public spaces to maintain cleanliness and sanitation.
Increases
Situations where there is a rise in the level, amount, or number of a certain variable or condition.
- Assess the correlation between marginal cost and marginal social benefit with respect to public goods.
- Invoke the concept of equating the marginal social benefit to the total individual marginal benefits in identifying optimal public goods provision.
Verified Answer
AM
Learning Objectives
- Assess the correlation between marginal cost and marginal social benefit with respect to public goods.
- Invoke the concept of equating the marginal social benefit to the total individual marginal benefits in identifying optimal public goods provision.
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