Answer the Next Question on the Basis of the Following

question 22

Multiple Choice

Answer the next question on the basis of the following information is for public good.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.In equilibrium,the marginal benefit and cost of the public good will be:

• A) $7
• B) $6
• C) $5
• D) $3

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Definitions:

Security Interest

A legal claim or right granted on property or assets as collateral to secure the performance of an obligation, such as repayment of a loan.

Federal Bankruptcy Exemptions

Specific exemptions provided by federal law that allow a debtor to protect certain types of property from being seized and sold off by creditors during the bankruptcy process.

Unsecured Creditors

Creditors who have extended credit without obtaining specific collateral, ranking below secured creditors in claims on assets.

Individual Retirement Account

A financial tool for individuals to save for retirement in a tax-advantaged way.