Answer the question based on the following information for a public good. Pₐ and Pᵦ are the prices that individuals A and B are willing to pay for the last unit of a public good, rather than do without it. These people are the only two members of society. Suppose government has already produced 4 units of this public good. The amount individual B is willing voluntarily to pay for the fourth unit is
A)$14.
B)$5.
C)$2.
D)$0.

Question

Answer the question based on the following information for a public good. Pₐ and Pᵦ are the prices that individuals A and B are willing to pay for the last unit of a public good, rather than do without it. These people are the only two members of society.  Suppose government has already produced 4 units of this public good. The amount individual B is willing voluntarily to pay for the fourth unit is
A)$14. 
B)$5. 
C)$2. 
D)$0.

Quizplus · Accepted Answer

The Answer of Answer the question based on the following information for a public good. Pₐ and Pᵦ are the prices that individuals A and B are willing to pay for the last unit of a public good, rather than do without it. These people are the only two members of society.  Suppose government has already produced 4 units of this public good. The amount individual B is willing voluntarily to pay for the fourth unit is
A)$14. 
B)$5. 
C)$2. 
D)$0.

Answer the Question Based on the Following Information for a Public