-The table above shows the marginal social benefit of fishing in Mediterranean Sea.The marginal private cost of operating a fishing boat is the same for all producers,$300 per hour.The marginal social cost is twice the marginal private cost.If the government sets a production quota,to have the efficient quantity of fish caught,the quote should equal ________ tons of fish.
A) 100
B) 200
C) 300
D) 400
E) 500

Question

-The table above shows the marginal social benefit of fishing in Mediterranean Sea.The marginal private cost of operating a fishing boat is the same for all producers,$300 per hour.The marginal social cost is twice the marginal private cost.If the government sets a production quota,to have the efficient quantity of fish caught,the quote should equal ________ tons of fish.
A) 100 
B) 200 
C) 300 
D) 400 
E) 500

Quizplus · Accepted Answer

The Answer of 
-The table above shows the marginal social benefit of fishing in Mediterranean Sea.The marginal private cost of operating a fishing boat is the same for all producers,$300 per hour.The marginal social cost is twice the marginal private cost.If the government sets a production quota,to have the efficient quantity of fish caught,the quote should equal ________ tons of fish.
A) 100 
B) 200 
C) 300 
D) 400 
E) 500

-The Table Above Shows the Marginal Social Benefit of Fishing