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.

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.