Answer the Next Question on the Basis of the Following

question 61

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.If only 1 unit of this public good is produced, then the marginal benefit is:

• A)$3 and the marginal cost is $9.
• B)$4 and the marginal cost is $7.
• C)$6 and the marginal cost is $3.
• D)$9 and the marginal cost is $5.

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Definitions:

Plantation Slavery

A system of agriculture in the Americas where large farms (plantations) used the forced labor of enslaved Africans and African Americans to produce crops like tobacco, sugar, and cotton.

Atlantic Coast

The eastern seaboard of the United States, stretching from Maine to Florida, characterized by diverse ecosystems and significant historical importance.

Portugal

A country located on the southwestern edge of Europe, known for its rich history, cultural heritage, and significant contributions to global exploration.

Vasco Da Gama

A Portuguese explorer who was the first to sail directly from Europe to India by navigating around Africa's Cape of Good Hope.