Please solve the following questions
stion 17 of 20 > Suppose that a small company is thinking of putting plants in their lobby for employees to view and enjoy. Since the plants are to be viewed by employees, the plants are non-excludable (it is infeasible to move a plant each time a specific individual walks by) and non-rival in consumption (if one worker looks at the plant, it does not prevent another from doing so as well). The company employs three workers: Robin, Greg, and Sharon. The company is thinking about buying up to three plants, and wants to know how much workers would enjoy each plant. For Robin, the first plant has a benefit of $17 per day, the second plant has a benefit of $13 per day, and the third plant has a benefit of $8 per day. For Greg, the first plant has a benefit of $12 per day, the second has a benefit of $10 per day, and the third has a benefit of $6 per day. For Sharon, the first plant has a benefit of $8 per day, the second has a benefit of $5 per day, and the third has a benefit of $2 per day. Given that no one else will see the plants, no one else values the plants in the lobby. What is the marginal social benefit of the first plant? $ What is the marginal social benefit of the second plant? $ What is the marginal social benefit of the third plant? $Map BUD sapling learning The Environmental Protection Agency is attempting to rule on whether pollution from greenhouse gas emissions endangers public safety. One of the many greenhouse gas polluters is cows and their cow farts (this is really true). Economists have devised a theory to help address this issue. Identify the statement that economic theory believes to be true from the list below. O To maximize social welfare, all pollution should be removed. O If the cost of paying a pollution charge (fart tax) is less than the cost of reducing pollution, the farmer (and his or her cows) will have an incentive to reduce pollution. The benefit of pollution cleanup to society is always less than the cost of pollution O cleanup, especially if all costs are borne by the producer (which means the farmer, but technically, the cows are doing the producing) O Environmental standards (aka command-and-control regulation) regarding cow farts creates strong incentives for the farmer to reduce as much as possible. The efficient level of pollution removal occurs where the marginal benefit of pollution O removal equals the marginal cost of pollution removal (some cow farts could be allowed). Hint Previous @) Give Up & View Solution @) Check Answer () Next Exit
