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.

Appreciate the role of intrinsic and extrinsic motivation in enhancing work performance.

Identify strategies for finding work that aligns with personal interests and strengths.

Recognize the impact of preconceptions and biases in the hiring process and employee evaluations.

Understand the key factors that influence a market economy.

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