-The Diagram Above Shows the Individual Demand Curves for Individual

question 155

Multiple Choice

-The diagram above shows the individual demand curves for individual A (D_A) and individual B (D_B) for a garden,with various areas.The marginal cost of the garden is $8 per square metre.If the garden is a public good,what is the optimal size of the garden?

• A) 60 square metres.
• B) 42 square metres.
• C) 36 square metres.
• D) 24 square metres.
• E) 18 square metres.

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Definitions:

Lutherans

Pertains to members of a Christian denomination that follows the teachings and doctrine of Martin Luther, emphasizing justification by faith alone.

Baptists

Members of a Christian denomination known for practices such as believer’s baptism and the emphasis on individual conscience.

Steven Pinker

A Canadian-American cognitive psychologist, linguist, and popular science author known for his works on language, mind, and human nature.

Harm

Damage or injury that affects someone or something in a negative way.