Answer This Question Based on the Following Information for a Public

question 63

Multiple Choice

Answer this question based on the following information for a public good. Pₐ and Pᵦ represent the prices that citizens (a) and (b) , the only two people in this nation, are willing to pay for additional units of a quantity (Q_c ) of the public good. Qₛrepresents the quantity of the public good supplied by government at each of the collective prices. The collective willingness of this nation to pay for the fourth unit of the public good is

• A)$7.
• B)$6.
• C)$5.
• D)$3.

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Definitions:

Extensive Compliance Programs

Comprehensive sets of policies and procedures designed to ensure an organization meets legal and regulatory requirements.

Plates Move

The theory of plate tectonics describes the large-scale movement of the Earth's lithosphere divided into several plates that float on the semi-fluid asthenosphere beneath.

Relative

Pertaining to or determined by its position or status in relation to other things; not absolute.

Geographic Locations

Geographic locations are specific points or areas on the Earth's surface identified by their latitude and longitude or by other geographic positioning systems.