Pa and Pb represent the prices that citizens (a) and (b) ,the only two people in this nation,are willing to pay for additional units of a quantity (Qc) of the public good.Qs represents the quantity of the public good supplied by government at each of the collective prices. Refer to the above information.The collective willingness of this nation to pay for the fourth unit of the public good is:
A) $7.
B) $6.
C) $5.
D) $3.
For 4 units,Person (a) is willing to pay $2 and Person (b) is willing to pay $3,for a total of $5.
Correct Answer:
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Q24: Pa and Pb represent the prices that
Q25: Q26: Pa and Pb represent the prices that Q27: Assume that a government is considering a Q28: Waybelow Normal University has found it necessary
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