Scenario: Alexander and Vanessa Two Individuals, Alexander and Vanessa, Benefit

Multiple Choice

Scenario: Alexander and Vanessa Two individuals, Alexander and Vanessa, benefit from scientific research.Alexander's marginal private benefit from such research is given by the equation P = 200 - Q, where Q refers to the amount of research undertaken and P is the price Alexander is willing to pay for such research.Vanessa's marginal private benefit from such research is given by the equation P = 100 - Q.Suppose the marginal social cost of engaging in such research is constant at $100.
(Scenario: Alexander and Vanessa) Refer to scenario Alexander and Vanessa.If Alexander and Vanessa are the only two individuals in a society, which of the following equations correctly represents the marginal social benefit (MSB) of scientific research?

A) MSB = 300 - 2Q.
B) MSB = 100 - Q.C.MSB = 200 - Q.D.MSB = 100.