Long Beach Island, off the coast of New Jersey, is considering building a sand barrier to protect the houses on the island from future hurricanes. The marginal social benefit of the barrier is equal to the
A) marginal private benefit of the person who benefits the most from the barrier.
B) marginal private benefit of the person who benefits the least from the barrier.
C) sum of the marginal private benefits for anyone who benefits from the barrier.
D) difference between the marginal private benefit of the person who benefits the most and the person who benefits the least from the barrier.
Correct Answer:
Verified
Q63: The economy's marginal social benefit curve for
Q64: The economy's marginal benefit curve for a
Q65: Public goods create a free-rider problem because
Q66: The construction of the economy's marginal social
Q67: The free-rider problem can arise when consumption
Q69: The free-rider problem is the absence of
Q70: Free riders are NOT a problem in
Q71: A free-rider problem exists if
A) those consuming
Q72: Because of the free-rider problem
A) there is
Q73: A free rider is someone who
A) pays
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents