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The table below displays the private marginal benefit and the private marginal cost for Bryan's Honey Bee Farm. Quantity (beehives) MC Private MB Private 1
The table below displays the private marginal benefit and the private marginal cost for Bryan's Honey Bee Farm. Quantity (beehives) MC Private MB Private 1 $50 $100 2 100 100 3 150 100 4 200 100 5 250 100 Bryan's Honey Bee Farm produces honey from bees. Each beehive produces $100 worth of honey per month. Bryan's farm also provides pollination for a local flower farm, increasing its revenues by $100 per month. What is the socially efficient number of beehives for Bryan to have if all costs and benefits are considered
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