P_a and P_b Represent the Prices That Citizens (A)and (B),the

question 49

Multiple Choice

P_a and P_b represent the prices that citizens (a) and (b) ,the only two people in this nation,are willing to pay for additional units of a quantity (Q_c) of the public good.Q_s represents the quantity of the public good supplied by government at each of the collective prices. Refer to the above information.If the collective willingness to pay for an additional unit of this public good is $6,then the collective quantity demanded will be:

• A) 1 unit and the socially optimal quantity supplied will be 5 units.
• B) 2 units and the socially optimal quantity supplied will be 4 units.
• C) 3 units and the socially optimal quantity supplied will be 3 units.
• D) 4 units and the socially optimal quantity supplied will be 2 units.

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Definitions:

Iris

The colored ring of muscle around the pupil of the eye, responsible for controlling the size of the pupil and thus the amount of light reaching the retina.

Vitreous Humour

A clear, gel-like substance that fills the space between the lens and the retina in the eyeball, helping to maintain its shape and optical properties.

Cornea

The transparent front part of the eye that covers the iris, pupil, and anterior chamber, contributing to the eye's ability to focus.

Peripheral Vision

The part of vision that occurs outside the very center of gaze, involving the detection of movement and shapes but not detailed images, crucial for spatial awareness and detecting potential hazards.