Answer the Question on the Basis of the Following Information

question 123

Multiple Choice

Answer the 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. Refer to the above information. The collective willingness of this nation to pay for the fourth unit of the public good is:

• A) $7
• B) $6
• C) $5
• D) $3

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Definitions:

Working Class

A social group consisting of people employed in lower tier jobs, often involving manual labor or industrial work, and typically characterized by lower income and educational levels.

Religion

A system of beliefs, practices, and moral values centered around the worship of a higher power or deity.

Group Consensus

A mutual agreement or collective unanimous decision-making process within a group.

Argue Blindly

Engaging in an argument or debate without considering or acknowledging the opposing viewpoints or evidence.