-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,the profit on the last ton of fish caught is ________ per ton.
A) $0
B) $100
C) $200
D) $300
E) $400

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,the profit on the last ton of fish caught is ________ per ton.
A) $0 
B) $100 
C) $200 
D) $300 
E) $400

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,the profit on the last ton of fish caught is ________ per ton.
A) $0 
B) $100 
C) $200 
D) $300 
E) $400

-The Table Above Shows the Marginal Social Benefit of Fishing