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Question 138

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Use the following to answer question: Use the following to answer question:   -(Table: Externalities from Parks) Use: Table: Externalities from Parks.The table shows the marginal social benefit and the marginal social cost of preserving various amounts of land in a city for a public park.Suppose that parks result in positive benefits to the community as a whole but that the marginal private benefit that any one individual in the community gets from parks is close to 0.If 5 acres are dedicated to the park,the park is _____ from a social perspective. A) too large B) the socially optimum size C) too small D) the efficient size
-(Table: Externalities from Parks) Use: Table: Externalities from Parks.The table shows the marginal social benefit and the marginal social cost of preserving various amounts of land in a city for a public park.Suppose that parks result in positive benefits to the community as a whole but that the marginal private benefit that any one individual in the community gets from parks is close to 0.If 5 acres are dedicated to the park,the park is _____ from a social perspective.


A) too large
B) the socially optimum size
C) too small
D) the efficient size

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