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Bob Lives in a Residential Neighbourhood That Takes Pride on Well-Groomed

Question 103

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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) . 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
-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

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