Answer the next question on the basis of the following information is for public good.Pa and Pb 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 (Qc) of the public good.Qs represents the quantity of the public good supplied by government at each of the collective prices.If only 1 unit of this public good is produced, then the marginal benefit is:
A) $3 and the marginal cost is $9.
B) $4 and the marginal cost is $7.
C) $6 and the marginal cost is $3.
D) $9 and the marginal cost is $5.
Correct Answer:
Verified
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