Scenario: Ben and Nick Two Individuals, Ben and Nick, Are

question 83

Multiple Choice

Scenario: Ben and Nick Two individuals, Ben and Nick, are the only members of a hypothetical community.They have revealed the marginal private benefits they each receive from a public good whose marginal social benefit is known.In addition, the marginal social cost (MSC) of the public good is known and is constant.
(Scenario: Ben and Nick) Refer to the information and figure in the scenario Ben and Nick.At all levels of public good provision:

• A)Ben places a higher value on the public good than Nick.
• B)the MSC is less than the MSB.
• C)the optimal level is not attained.
• D)the private marginal benefits cannot be determined.

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