Use the Following to Answer Question

question 91

Multiple Choice

Use the following to answer question:
Figure: An Individual's Marginal Benefit from a Public Good
-(Figure: An Individual's Marginal Benefit from a Public Good) Use Figure: An Individual's Marginal Benefit from a Public Good.Assume that two individuals will share consumption of a public good;each individual has the marginal benefit curve shown in the figure.If the marginal cost of the good is $24,how many units of this public good would maximize society's welfare?

• A)0
• B)8
• C)12
• D)16

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Definitions:

Step-Growth Polymerization

A polymerization process in which bi-functional or multi-functional monomers react to form first dimers, then trimers, and so on, growing by stepwise addition.

Polyethylene

A versatile synthetic polymer made from the polymerization of ethylene, widely used in plastic bags, containers, and packaging.

Addition Polymer

A polymer formed by the successive addition of monomer molecules with unsaturated bonds, leading to a long chain molecule.

Condensation Polymer

A polymer formed by the reaction where two molecules combine with the simultaneous elimination of a small molecule, such as water.