Katie Bobby -The Above Table Shows the Marginal Benefit from Submarines for Benefit

question 4

Multiple Choice

Katie Bobby

-The above table shows the marginal benefit from submarines for the only two citizens of a country. Submarines are a public good. If submarines cost $300 a piece, what is the efficient quantity to produce?

• A) 0
• B) 1
• C) 2
• D) 3

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Definitions:

Joint Goal Setting

The process in which two or more parties collaborate to define and agree upon common objectives.

Structured Process

A set of defined and organized steps or stages designed to achieve a specific goal or outcome.

Performance Goals

Specific objectives set to assess and improve an individual's or organization's achievements and outcomes.

Developing

The process of growth, progress, or improvement towards achieving a specific goal or standard.