Use the following to answer questions :
Scenario: Ben and Nik
Ben and Nik are the only members of a community.They have revealed the marginal private benefits they each receive from a public good whose marginal social benefit is known.In addition,the marginal social cost (MSC) of the public good is known and is constant. 
-(Scenario: Ben and Nik) Use Scenario: Ben and Nik.At Q2 in the figure,the marginal social benefit from the last unit of the public good is:
A) equal to the marginal social cost.
B) equal to P4 + P3.
C) the optimal level of provision of the public good.
D) zero for Nik.
Correct Answer:
Verified
Q143: Use the following to answer question:
Figure: Market
Q158: Use the following to answer questions :
Figure:
Q165: Use the following to answer questions :
Scenario:
Q166: Use the following to answer questions :
Scenario:
Q167: Use the following to answer questions :
Scenario:
Q182: When a good is nonexcludable:
A)consumers will pay
Q190: When a good is nonrival in consumption,its
Q192: A market produces too much of a
Q195: Goods that are nonrival in consumption and
Q199: Encouragement of voluntary contributions to the provision
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents