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Madeline Harrington
on Dec 05, 2024

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(Table: Total Cost and Total Individual Benefit) Use 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

Marginal Social Benefit

An increase in the total benefit to society resulting from a one-unit increase in the production of a good or service.

Animal Control Officer

A professional responsible for enforcing laws related to animals, handling stray, dangerous, or unwanted animals, and promoting animal welfare and public safety.

Individual Benefit

The advantage or gain received by an individual from an economic transaction or activity.

  • Enact the idea that the total of individual marginal benefits is equivalent to the marginal social benefit to establish the effective provision of public goods.
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Robert VieraDec 08, 2024
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