The economy's marginal benefit curve for a public good is found by ________ for all individuals.
A) vertically summing the marginal benefit curves
B) vertically summing the total benefit curves
C) horizontally summing the total benefit curves
D) horizontally summing the marginal benefit curves

Question

Quizplus · Accepted Answer

The marginal benefit curve for a public good is found by vertically summing the individual marginal benefit curves because public goods are non-rivalrous and non-excludable, meaning each individual's benefit from the good is added together at each quantity level.

The Economy's Marginal Benefit Curve for a Public Good Is