Business, 17.04.2020 03:36 wolffee895
Suppose the marginal cost of the fourth unit of a public good is $20. If Mark and Judy are the only members of society, and they are willing to pay $10 and $11, respectively, for the fourth unit of the good, then the efficient quantity is:
A) 3 units. B) 4 or more units. C) 0 units. D) More information is needed about the marginal benefits of the first, second, and third units of the public good. E) None of the above answers is correct.
Answers: 2
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Suppose the marginal cost of the fourth unit of a public good is $20. If Mark and Judy are the only...
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