Figure: An Individual's Marginal Benefit from a Public Good (Figure: An Individual's Marginal Benefit from a Public Good) Look at the figure An Individual's Marginal Benefit from a Public Good.Assume that two individuals will share consumption of a public good; each individual has the same marginal benefit curve as the one shown in the figure.If the marginal cost of the good is $24, what is the total benefit of the level of the public good that maximizes society's welfare?
A)$0
B)$24
C)$124
D)$256

Question

Figure: An Individual's Marginal Benefit from a Public Good   (Figure: An Individual's Marginal Benefit from a Public Good) Look at the figure An Individual's Marginal Benefit from a Public Good.Assume that two individuals will share consumption of a public good; each individual has the same marginal benefit curve as the one shown in the figure.If the marginal cost of the good is $24, what is the total benefit of the level of the public good that maximizes society's welfare?
A)$0 
B)$24 
C)$124 
D)$256

Quizplus · Accepted Answer

The Answer of Figure: An Individual's Marginal Benefit from a Public Good   (Figure: An Individual's Marginal Benefit from a Public Good) Look at the figure An Individual's Marginal Benefit from a Public Good.Assume that two individuals will share consumption of a public good; each individual has the same marginal benefit curve as the one shown in the figure.If the marginal cost of the good is $24, what is the total benefit of the level of the public good that maximizes society's welfare?
A)$0 
B)$24 
C)$124 
D)$256

Figure: an Individual's Marginal Benefit from a Public Good