Alex, Kara, and Susie Are the Only Three People in a Community

question 136

Multiple Choice

Alex, Kara, and Susie are the only three people in a community. Alex is willing to pay $40 for the third unit of a public good; Kara is willing to pay $25. If the marginal cost of producing the third unit is $100, what is the minimum amount that Susie must be willing to pay for it to be efficient for government to produce the third unit?pay for it to be efficient for government to produce the third unit?

• A) $35
• B) $100
• C) $65
• D) The amount cannot be determined with the information provided.

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Definitions:

Gender Leadership Gap

The disparity between men and women in leadership roles, often resulting from systemic bias, cultural norms, and barriers to advancement.

Effective Leadership Styles

Refers to various approaches leaders use to guide, motivate, and manage teams effectively.

Higher-Level Leadership

Leadership concerned with strategic vision, innovation, and guiding an organization towards achieving long-term goals.

Communal Characteristics

Traits or features that facilitate a sense of belonging and cooperation within a community or group.