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

question 48

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 only 1 unit of this public good is produced,then the marginal benefit is:

• A) $3 and the marginal cost is $9.
• B) $4 and the marginal cost is $7.
• C) $6 and the marginal cost is $3.
• D) $9 and the marginal cost is $3.

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Definitions:

Basal Cell Carcinoma

A type of skin cancer originating in the basal cells, characterized by its slow growth and high likelihood of treatment if diagnosed early.

Viral Skin Infection

A viral skin infection is a condition caused by viruses affecting the skin, leading to symptoms like rashes, blisters, and itching, examples include herpes and warts.

Benign Skin

Refers to skin growths or lesions that are non-cancerous and not harmful to health.

Wart

A small, hard, benign growth on the skin, often caused by a virus.