Suppose that a small company is thinking of putting plants in their lobby for employees to view and enjoy. Since the plants are to be viewed by employees, the plants are non-excludable (it is infeasible to move a plant each time a specific individual walks by) and non-rival in consumption (if one worker looks at the plant, it does not prevent another from doing so as well). The company employs three workers: Robin, Greg, and Ray. The company is thinking about buying up to three plants, and wants to know how much workers would enjoy each plant. For Robin, the first plant has a benefit of $47 per day, the second plant has a benefit of $37 per day, and the third plant has a benefit of $13 per day. For Greg, the first plant has a benefit of $41 per day, the second has a benefit of $28 per day, and the third has a benefit of $6 per day. For Ray, the first plant has a benefit of $31 per day, the second has a benefit of $19 per day, and the third has a benefit of $2 per day. Given that no one else will see the plants, no one else values the plants in the lobby. What is the marginal social benefit of the first plant

The marginal social benefit of the first plant will be $119.

Based on the information given, the following can be depicted from the question:

Therefore, the marginal social benefit of the first plant will be the addition of each person's benefit per day. This will be:

= $47 + $41 + $31

= $119

Therefore, the marginal social benefit will be $119.

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$119

Explanation:

For computing the marginal social benefit of the first plant the relevant information is provided as per the question below:-

Robin first plant benefit per day = $47

Greg first plant benefit per day = $41

Ray first plant benefit per day = $31

The computation of marginal social benefit of the first plant is shown below:-

Marginal social benefit of the first plant = Robin first plant benefit per day + Greg first plant benefit per day + Ray first plant benefit per day

= $47 + $41 + $31

= $119

Therefore for computing the marginal social benefit of the first plant we simply added all the three employees first plant benefit per day.

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