-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:

Trick or Treat

A Halloween custom for children in many countries, where they dress in costume and solicit candy or other treats door-to-door with the phrase "Trick or treat."

Cumulative Record

A graphical representation showing the total number of responses recorded over time during a behavioral observation or experiment.

Pause

A temporary stop or delay in action or speech, often used for effect, consideration, or to break between ideas.

Steady Rate

A consistent pace or level of progress over time, without significant fluctuation.