Use the Following to Answer Question

question 110

Multiple Choice

Use the following to answer question:
Figure: An Individual's Marginal Benefit from a Public Good
-(Figure: An Individual's Marginal Benefit from a Public Good) Use Figure: An Individual's Marginal Benefit from a Public Good.Assume that two individuals will share consumption of a public good;each individual has the marginal benefit curve shown in the figure.If the marginal cost of the good is $24,how many units of the public good will be provided by the private market?

• A)0
• B)8
• C)12
• D)16

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Definitions:

Impaired Sense Of Smell

A reduced or distorted ability to detect or differentiate odors, known medically as anosmia or hyposmia.

Cranial Nerve

One of twelve nerves that originate in the brain and control motor and sensory functions of the head and neck.

Trigeminal

Relating to the trigeminal nerve, which is the fifth cranial nerve responsible for sensory perception in the face and motor functions such as biting and chewing.

Sensory Function

The ability of the body to process and respond to visual, auditory, olfactory, gustatory, and tactile stimuli.