Suppose in a Country There Are Only Two Persons

question 89

Multiple Choice

Suppose in a country there are only two persons.Person A is willing to pay $50 to have one unit of a public good produced;person B is willing to pay $60 to have one unit of a public good produced and $50 to have two units produced.A point on the country's marginal social benefit curve for this public good is a price of ________ and quantity demanded of ________.

• A)$50;1 unit
• B)$60;1 unit
• C)$110;2 units
• D)$110;1 unit
• E)$55;1 unit

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Definitions:

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In psychology, a process by which a behavior is strengthened, making it more likely to occur again in the future, often through positive or negative stimuli.