The table above shows the marginal social benefit of fishing in ...

[xclash]

Tons of fish	Marginal social benefit (dollars per hour)
100	700
200	600
300	500
400	400
500	300
600	200

The table above shows the marginal social benefit of fishing in Mediterranean Sea. The marginal private cost of operating a fishing boat is the same for all producers, $300 per hour. The marginal social cost is twice the marginal private cost. If the government sets a production quota, to have the efficient quantity of fish caught, the quote should equal ________ tons of fish.
◦ 100
◦ 200
◦ 300
◦ 400
◦ 500

[Sassygurl126]

200

[natalie2426]

Tons of fish	Marginal social benefit (dollars per hour)
100	700
200	600
300	500
400	400
500	300
600	200

The table above shows the marginal social benefit of fishing in Mediterranean Sea. The marginal private cost of operating a fishing boat is the same for all producers, $300 per hour. The marginal social cost is twice the marginal private cost. If the government sets a production quota, the profit on the last ton of fish caught is ________ per ton.
◦ $0
◦ $100
◦ $200
◦ $300
◦ $400

[angrybirds13579]

$300

[natalie2426]

TY

[angrybirds13579]

You're welcome

[karlynnae]

Tons of fish	Marginal social benefit (dollars per hour)
100	700
200	600
300	500
400	400
500	300
600	200

The table above shows the marginal social benefit of fishing in Mediterranean Sea. The marginal private cost of operating a fishing boat is the same for all producers, $300 per hour. The marginal social cost is twice the marginal private cost. If the government uses individual transferrable quotas to achieve the efficient outcome, what is the total quantity of fish caught?
◦ 0 tons
◦ 100 tons
◦ 200 tons
◦ 300 tons
◦ 500 tons

[fraziera112]

200 tons