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The Diagram Below Shows the Marginal Benefit and Marginal Cost

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The diagram below shows the marginal benefit and marginal cost of a public good.This economy has 3 individuals,A,B and C.The diagram shows the MB for each individual and a summation of their marginal benefits. The diagram below shows the marginal benefit and marginal cost of a public good.This economy has 3 individuals,A,B and C.The diagram shows the MB for each individual and a summation of their marginal benefits.   FIGURE 16-4 -Refer to Figure 16-4.Once some quantity of this public good is provided,the efficient price to charge for its use is A) approximately zero. B) P<sub>1</sub>. C) P<sub>2</sub>. D) P<sub>3</sub>. E) P<sub>4</sub>. FIGURE 16-4
-Refer to Figure 16-4.Once some quantity of this public good is provided,the efficient price to charge for its use is


Definitions:

Locus

The specific fixed position of a gene or DNA sequence on a chromosome, serving as a map reference for genetic studies.

Diploid

Referring to cells that contain two sets of chromosomes, one set inherited from each parent, typical of most body cells except for gametes.

Locus

A specific location or position on a chromosome where a particular gene or genetic marker is situated.

Chromosome

Colored body in the nucleus, composed of DNA and proteins and containing the primary genetic information of the cell; 23 pairs in humans.

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