Answer the Next Question on the Basis of the Following

question 127

Multiple Choice

Answer the next question on the basis of the following information is for public good.P_a and P_b represent the prices that citizens (a) and (b) , the only two people in this nation, are willing to pay for additional units of a quantity (Q_c) of the public good.Q_s represents the quantity of the public good supplied by government at each of the collective prices.Refer to the information below.If the collective willingness to pay for an additional unit of this public good is $6, then the collective quantity demanded will be:

• A)1 unit and the socially optimal quantity supplied will be 5 units.
• B)2 units and the socially optimal quantity supplied will be 4 units.
• C)3 units and the socially optimal quantity supplied will be 3 units.
• D)4 units and the socially optimal quantity supplied will be 2 units.

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Definitions:

Contamination

The presence of unwanted substances or impurities in a material, environment, or natural resource, compromising its quality or safety.

Worry

A cognitive process involving the repetitive contemplation of future events that may result in anxiety or stress.

Order/Symmetry

The desire or compulsion to arrange objects in a precise, orderly, or symmetrical manner, often observed in individuals with obsessive-compulsive disorder.

OCD

Obsessive-Compulsive Disorder (OCD) is characterized by the presence of persistent thoughts (obsessions) and repetitive behaviors (compulsions) that an individual feels compelled to perform.