Refer to the above supply and demand graph for a public good.Line segment ad represents the amount at Q₁ by which the: A) marginal benefit of this public good is less than the marginal cost. B) total benefit of this public good is less than the total cost. C) marginal benefit of this public good is greater than the marginal cost. D) total benefit of this public good is greater than the total cost.

Question

Quizplus · Accepted Answer

The Answer of Refer to the above supply and demand graph for a public good.Line segment ad represents the amount at Q₁ by which the: A) marginal benefit of this public good is less than the marginal cost. B) total benefit of this public good is less than the total cost. C) marginal benefit of this public good is greater than the marginal cost. D) total benefit of this public good is greater than the total cost.

Refer to the Above Supply and Demand Graph for a Public