Suppose the Marginal Cost of the Fourth Unit of a Public

question 136

Multiple Choice

Suppose the marginal cost of the fourth unit of a public good is $20.If Mark and Judy are the only members of society,and they are willing to pay $10 and $11,respectively,for the fourth unit of the good,then the efficient quantity is

• A) 3 units.
• B) 4 or more units.
• C) 0 units.
• D) More information is needed about the marginal benefits of the first, second, and third units of the public good.
• E) None of the above answers is correct.

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