Question: Please answer this question using a graph. Suppose a new social service is introduced by a government at a cost of $3,000. This service has

Please answer this question using a graph. Suppose a new social

Please answer this question using a graph. Suppose a new social service is introduced by a government at a cost of $3,000. This service has not been provided before and there is no available substitute for this service. Economists have estimated that the marginal benefit of the new service is given by: MB = 100 - X = where x is the quantity (in hours) of the service that is used. Please note the MB gives both the marginal private benefit (MPB) and marginal social benefit (MSB) (i.e., MB = MPB = MSB). = 1 Question: Suppose the $3,000 investment can only provide 50 hours of service. Explain what you think will happen if the service is provided for free

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