The sum of the marginal private benefit and the marginal external benefit derived from eco-tourism in British Columbia is called the
A) total private benefit.
B) net gain.
C) total external benefit.
D) marginal social benefit.
E) total Coase benefit.

Question

Quizplus · Accepted Answer

The sum of the marginal private benefit (benefit to the individual tourist) and the marginal external benefit (benefit to society from reduced environmental degradation or preservation of natural resources) represents the total benefit to society. This is known as the marginal social benefit, which is the best answer option out of the choices provided.

The Sum of the Marginal Private Benefit and the Marginal