Answer the Question Based on the Following Information for a Public

question 59

Multiple Choice

Answer the question based on the following information for a public good. Pₐ and Pᵦ are the prices that individuals A and B are willing to pay for the last unit of a public good, rather than do without it. These people are the only two members of society. If this good were a private good instead of a public one, the total quantity demanded at a $3 market price would be

• A)2 units.
• B)3 units.
• C)6 units.
• D)4 units.

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Definitions:

Secondary Xylem

The part of a plant that transports water and nutrients from the roots to the leaves and provides structural support, formed after the primary xylem during growth.

Vascular Cambium

A layer of tissue in plants that generates new phloem and xylem cells, contributing to the stem's radial growth.

Pith

The innermost tissue in the stems and roots of many herbaceous plants; primarily a storage tissue.

Vascular Cambium

A layer of meristematic tissue in plants that produces vascular tissues, contributing to the thickness growth of stems and roots.