2) True or False

Mina gets her bachelor's degree and starts working as a freelance graphic designer. She sells a piece of artwork on Etsy, which brings great pleasure to the buyer, whose willingness to pay for the artwork was $200, which happened to be the exact price of the artwork. In this case, the private benefit to Mina equals the social benefit.

3) True or False

Now Mina sells a second piece of artwork on Etsy, which also brings great pleasure to the buyer, whose willingness to pay for the artwork was $200, the price of the artwork. The buyer throws a dinner party and all the guests admire the art. They would have been willing to pay $20 each to view it. In this case, the private benefit to Mina equals the social benefit.

4) True or False

Now Mina gets hired to design a logo for a new company. She is paid $1000 for the project, which increased the firm's profits by $10,000 when they attracted new clients because of their new professional look. In this case, the private benefit to Mina equals the social benefit