(Table) in the Table, P₁ Through P₄ Are the Prices

question 302

Multiple Choice

(Table) In the table, P₁ through P₄ are the prices that four consumers are willing to pay for different quantities of a public good. Which graph would represent the total willingness-to-pay for the public good?
$\begin{array}{|c|c|c|c|c|}\hline Q & P_{1} & P_{2} & P_{3} & P_{4} \\\hline 1 & 9 & 8 & 7 & 6 \\\hline 2 & 7 & 6 & 5 & 4 \\\hline 3 & 5 & 4 & 3 & 2 \\\hline 4 & 3 & 2 & 1 & 0 \\\hline\end{array}$

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Definitions:

Noncash Assets

Assets owned by a firm that are not in the form of cash or cash equivalents, such as buildings, equipment, and patents.

Forthcoming Contribution

Anticipated contributions or investments expected to be received or made in the near future.

Capital Account Balances

The record of the financial transactions regarding national assets and liabilities over a period, or the equity and loan accounts of a business.

Cash Account

An account that tracks the amount of cash on hand, which includes currency, checks, and balances in bank accounts.