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 $8, what is the level of this public good that will maximize society's welfare?
A)0 units
B)8 units
C)12 units
D)16 units

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 $8, what is the level of this public good that will maximize society's welfare?
A)0 units 
B)8 units 
C)12 units 
D)16 units

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 $8, what is the level of this public good that will maximize society's welfare?
A)0 units 
B)8 units 
C)12 units 
D)16 units

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