-Paul and Paula Are the Only Members of Society

question 179

Multiple Choice

-Paul and Paula are the only members of society.The table above gives their marginal benefits from missile gunboats,a public good.Suppose the marginal cost of a missile gunboat is $8 million.What is the efficient quantity of missile gunboats?

• A) 1 boat
• B) 2 boats
• C) 3 boats
• D) 4 boats
• E) More information about whether the services provided by missile gunboats are rival or not is needed.

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Definitions:

Veracity of Claims

The truthfulness and accuracy of statements or promises made, especially regarding product benefits or services in advertising.

Nonverbal Selling Technique

Sales strategies that rely on body language, gestures, and facial expressions rather than spoken words to influence buyers.

Handshake

A traditional form of greeting involving the clasping and shaking of hands, often symbolizing agreement or concluding a transaction.

Nodding Head

A physical gesture in which a person lowers and raises their head slightly, often used to indicate agreement or acknowledgement.