17:30
Progress Bar
1
The table below shows the Total Social Benefit (TSB) and Total Social Cost (TSC) associated with issuing hunting permits in a state park. Using marginal analysis, what is the socially optimal number of permits to issue?
| Quantity of Permits | Total Social Benefit | Total Social Cost |
|---|---|---|
| 0 | $0 | $0 |
| 1 | $100 | $20 |
| 2 | $190 | $50 |
| 3 | $270 | $90 |
| 4 | $340 | $150 |
| 5 | $400 | $230 |
| 6 | $450 | $330 |
