if-the-marginal-social-benefit-of-a-public-park-is-15-and-the-marginal-social-co

Question

If the marginal social benefit of a public park is $$15 and the marginal social cost is 10$$, should more or less of the park be provided?

Accepted Answer

More of the park should be provided.

Answer

The current amount is optimal.

Answer

Less of the park should be provided.

Answer

The park should be closed.

If the marginal social benefit of a public park is \$15 and the marginal social cost is \$10, should more or less of the park be provided?