Suppose a Public Good Is Provided in an Economy with Only

question 110

Multiple Choice

Suppose a public good is provided in an economy with only two consumers,Popeye and Captain Hook.If Popeye values the public good at $4,000 per year,and Captain Hook values it at $3,000 per year,the economy's marginal benefit of the public good per year is

• A) $7,000.
• B) $4,000.
• C) $3,000.
• D) $1,000.
• E) $12,000.

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