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.In equilibrium,the marginal benefit and marginal cost of the public good will be:
A) $7.
B) $6.
C) $5.
D) $3.
Correct Answer:
Verified
Q19: Which is an example of a market
Q20: Private goods are characterized by:
A) rivalry and
Q21: Pa and Pb represent the prices that
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