if-the-marginal-social-benefit-of-a-public-library-is-25-and-the-marginal-social

Question

If the marginal social benefit of a public library is $25 and the marginal social cost is $20, should more or less of the library service be provided?

Accepted Answer

More of the library service should be provided.

Answer

The current amount is optimal.

Answer

The library should be closed.

Answer

Less of the library service should be provided.

If the marginal social benefit of a public library is \$25 and the marginal social cost is \$20, should more or less of the library service be provided?