Answer the Question on the Basis of the Following Information

question 20

Multiple Choice

Answer the question on the basis of the following information for a public good.P_a and P_b are the prices that individuals A and B are willing to pay for the last unit of a public good,rather than do without it.These people are the only two members of society. $\begin{array}{c}\begin{array}{c}\underline{\text {Q }}\\1 \\2 \\3 \\4 \\5\end{array}\begin{array}{c}\underline{\mathrm{Pa}_{\mathrm{a}} }\\\$ \\2\\1\\0\\0\end{array}\begin{array}{c}\underline{\mathrm{Pa}_{\mathrm{b}} }\\\$ 5 \\4 \\3 \\2 \\1\end{array}\end{array}$
Refer to the data.If the marginal cost of producing this good at the optimal quantity is $4,the optimal quantity must be:

• A) 1 unit.
• B) 2 units.
• C) 3 units.
• D) 4 units.

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Definitions:

Bigamy

The act of marrying someone while already being married to another person, which is illegal in many jurisdictions.

Impotence

A condition where an individual is unable to achieve or maintain an erection suitable for sexual intercourse.

Social Status

Refers to the position or rank of a person or group within the society based on wealth, occupation, education, or other criteria.

Egalitarian Relationships

Partnerships in which individuals have equal rights, responsibilities, and opportunities, emphasizing mutual respect and equality.