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. If this good were a private good instead of a public one, the total quantity demanded at a $3 market price would be
A)2 units.
B)3 units.
C)6 units.
D)4 units.

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.  If this good were a private good instead of a public one, the total quantity demanded at a $3 market price would be
A)2 units. 
B)3 units. 
C)6 units. 
D)4 units.

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.  If this good were a private good instead of a public one, the total quantity demanded at a $3 market price would be
A)2 units. 
B)3 units. 
C)6 units. 
D)4 units.

Answer the Question Based on the Following Information for a Public