Assume that each day ten thousand children watch Sesame Street on public television and that watching Sesame Street generates a benefit of $100 per child per year. Once a year, public television holds a pledge drive asking viewers to make voluntary contributions in order to keep the programming available to everyone.
The broadcast of Sesame Street yields a total social benefit of ________ per year.

Question

Assume that each day ten thousand children watch Sesame Street on public television and that watching Sesame Street generates a benefit of $100 per child per year. Once a year, public television holds a pledge drive asking viewers to make voluntary contributions in order to keep the programming available to everyone.  
The broadcast of Sesame Street yields a total social benefit of ________ per year.

Quizplus · Accepted Answer

$100 private benefit per child multiplied by 10,000 children equals $1,000,000.

Assume That Each Day Ten Thousand Children Watch Sesame Street