Use the Following to Answer Questions

question 192

Multiple Choice

Use the following to answer questions:
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 marginal benefit curve 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:

The Meeting

A scheduled gathering of individuals for the purpose of discussion, decision-making, or sharing information.

Standards

Established norms or criteria against which quality or performance is measured.

Numbers

Symbols or words used to represent quantities, allowing for counting, measuring, and calculating.

Exception

A case that does not follow the general rule or is different from what is usually found or expected.