Figure: an Individual's Marginal Benefit from a Public Good

question 170

Multiple Choice

Figure: An Individual's Marginal Benefit from a Public Good (Figure: An Individual's Marginal Benefit from a Public Good) Look at the figure An Individual's Marginal Benefit from a Public Good.Assume that two individuals will share consumption of a public good; each individual has the same marginal benefit curve as the one shown in the figure.What is the marginal social benefit from four units of the public good?

• A)$0
• B)$8
• C)$16
• D)$32

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Definitions:

Psychology

The scientific study of the mind and behavior, encompassing a wide range of topics including cognitive processes, emotional and social dynamics.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus.

Dynamic Equilibrium

A state in which a system balances changes with compensatory processes, maintaining stability over time.