Examlex

Solved

(Scenario: Ben and Nik)Use Scenario: Ben and Nik

question 13

Multiple Choice

(Scenario: Ben and Nik) Use Scenario: Ben and Nik.At Q2 in the figure,the marginal social benefit from the last unit of the public good is: Scenario: Ben and Nik
Ben and Nik are the only members of a community.They have revealed the marginal private benefits they each receive from a public good whose marginal social benefit is known.In addition,the marginal social cost (MSC) of the public good is known and is constant. (Scenario: Ben and Nik) Use Scenario: Ben and Nik.At Q<sub>2</sub> in the figure,the marginal social benefit from the last unit of the public good is: Scenario: Ben and Nik Ben and Nik are the only members of a community.They have revealed the marginal private benefits they each receive from a public good whose marginal social benefit is known.In addition,the marginal social cost (MSC) of the public good is known and is constant.   A) equal to the marginal social cost. B) equal to P<sub>4</sub> + P<sub>3</sub>. C) the optimal level of provision of the public good. D) zero for Nik.


Definitions:

Related Questions