Business, 21.02.2020 05:00 sheila101

The social cost of cutting trees for firewood in a government forest is:

a. opportunity cost to the individual of cutting the wood.
b. the increased likelihood of flooding as more trees are cut.
c. the marginal costs of cutting the last tree.
d. the increased likelihood of flooding as more trees are cut plus the private cost of cutting the trees.

Answers: 3

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The social cost of cutting trees for firewood in a government forest is:

a. opportunity...