Use the following to answer questions:
-(Table: Total Cost and Total Individual Benefit) Look at the table Total Cost and Total Individual Benefit. If there are 1,000 residents and they all have the same total individual benefit, as shown in the table, what is the marginal social benefit of the fourth animal control officer?
A) $10
B) $9,000
C) $10,000
D) $90,000

Question

Use the following to answer questions: 
-(Table: Total Cost and Total Individual Benefit) Look at the table Total Cost and Total Individual Benefit. If there are 1,000 residents and they all have the same total individual benefit, as shown in the table, what is the marginal social benefit of the fourth animal control officer?
A) $10 
B) $9,000 
C) $10,000 
D) $90,000

Quizplus · Accepted Answer

The marginal social benefit of the fourth animal control officer is the difference in total social benefit between having four animal control officers and having three animal control officers. From the table, we can see that the total social benefit with four animal control officers is $100,000, and the total social benefit with three animal control officers is $90,000. Therefore, the marginal social benefit of the fourth animal control officer is $100,000 - $90,000 = $10,000.

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