$2$

You are considering whether to enter a holiday lights display contest that pays $$1,000$ to the winner. State whether each of the following constitutes private costs, private benefits, external costs, or external benefits.

Instructions: In order to receive full credit, you must make a selection for each option. For correct answer$($s$),$ click the option once to place a check mark. For incorrect answer$($s$),$ click the option twice to empty the box.

$7\mathrm{.}5$

points

eBook

References

$\backslash$table$[[$Private costs,Private benefits,External costs,External benefits$],[?$ Increased traffic congestion.,? Increased traffic congestion.,? Increased traffic congestion.,$7$ Increased traffic congestion.$],[13$ Increased electric bill from the holiday lights.,? Increased electric bill from the holiday lights.,$0$ Increased electric bill from the holiday lights.,$7$ Increased electric bill from the holiday lights.$],[?$ Winning the holiday lights display contest.,? Winning the holiday lights display contest.,$7$ Winning the holiday lights display contest.,$2$ Winning the holiday lights display contest.$],[?$ Neighbors have difficulty parking on your street.,$13$ Neighbors have difficulty parking on your street.,$7$ Neighbors have difficulty parking on your street.,&$.$ Neighbors have difficulty parking on your street.$]]$