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Explain clearly If this is a public park, a.) the value of the first acre of this park is equal to b.) the socially-efficient size

Explain clearly

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If this is a public park, a.) the value of the first acre of this park is equal to b.) the socially-efficient size of this park is equal to c.) the MWTP at the socially-efficient outcome is equal to d.) the total value of this park at the socially-efficient outcome is equal to e.) the total cost to provide the socially-efficient outcome is equal to f.) the net benefit of this park at the socially-efficient outcome is Words:79There are only two consumers of a park: Polly and Paul. The marginal cost to provide the park is $10 per acre. Assume there are no fixed costs. Polly's Paul's Quantity MWTP MWTP tion Demanded ($/acre) ($/acre) (in acres) 0 16 20 14 18 12 16 10 14 8 12 6 10 4 8 2 6 O 4

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