-Paul and Paula Are the Only Members of Society

question 179

Multiple Choice

-Paul and Paula are the only members of society.The table above gives their marginal benefits from missile gunboats,a public good.Suppose the marginal cost of a missile gunboat is $8 million.What is the efficient quantity of missile gunboats?

• A) 1 boat
• B) 2 boats
• C) 3 boats
• D) 4 boats
• E) More information about whether the services provided by missile gunboats are rival or not is needed.

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Definitions:

Supervisors

Individuals who oversee the work of others, guiding, directing, and evaluating their performance.

Ethical Behaviour

Conduct that is in accordance with what is considered morally right or appropriate in a given society.

Whistle Blowing

The act of exposing illegal, unethical, or wrongdoing within an organization by an insider.

Self-Censorship

The act of withholding or altering one's expression or speech to avoid offending or causing conflict with others.