Esteban, Mariko, and Greta Are the Only Three People in a Community

question 121

Multiple Choice

Esteban, Mariko, and Greta are the only three people in a community. Esteban is willing to pay $20 for the fifth unit of a public good; Mariko, $15; and Greta, $25. Government should produce the fifth unit of the public good
If the marginal cost is less than or equal to

• A) $25.
• B) $15.
• C) $60.
• D) $20.

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