The diagram below shows the marginal benefit and marginal cost of a public good.This economy has 3 individuals,A,B and C.The diagram shows the MB for each individual and a summation of their marginal benefits.
FIGURE 16- 4
-The government has seatbelt and airbag requirements in cars,and laws requiring individual drivers to use them.What broader social goal is being met in this case?

Question

The diagram below shows the marginal benefit and marginal cost of a public good.This economy has 3 individuals,A,B and C.The diagram shows the MB for each individual and a summation of their marginal benefits.
  FIGURE 16- 4
-The government has seatbelt and airbag requirements in cars,and laws requiring individual drivers to use them.What broader social goal is being met in this case?

Quizplus · Accepted Answer

The seatbelt and airbag requirements in cars, as well as laws requiring individual drivers to use them, are aimed at protecting individuals from themselves in case of accidents. This is a form of government intervention to promote public safety, which is a broader social goal.

The Diagram Below Shows the Marginal Benefit and Marginal Cost