Multiple Choice
Bob lives in a residential neighbourhood that takes pride on well-groomed lawns.Bob's neighbours find that the marginal benefit of someone else's well-groomed lawn is $10.Bob,however,receives the same net benefit from an unkempt lawn as a well-groomed lawn: zero (an unkempt lawn looks bad but costs nothing;a well groomed lawn looks nice but is costly) .
-Refer to the information above.If Bob acts independently,he will have a(n) __________ and total economic surplus to the neighbourhood will be __________.
A) well groomed lawn;$0
B) well groomed lawn;$5
C) unkempt lawn;$0
D) unkempt lawn;$5
E) unkempt lawn;$10
Correct Answer:

Verified
Correct Answer:
Verified
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