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Social Science Clinic => Economics => Microeconomics => Topic started by: jlbond23 on Oct 12, 2022

Title: The diagram below shows the marginal benefit of consuming, and marginal cost of providing, a public ...
Post by: jlbond23 on Oct 12, 2022

Question 1

Determining the optimal provision of a public good requires adding together the marginal benefits for each individual. Society's marginal benefit of the good is the ________ sum of the individual marginal benefits.
◦ vertical
◦ linear
◦ horizontal
◦ absolute
◦ quadratic

Question 2

The diagram below shows the marginal benefit of consuming, and marginal cost of providing, a public good. This economy has 3 individuals, A, B and C. The diagram shows the MB for each individual and a summation of their marginal benefits.



FIGURE 16-4

Refer to Figure 16-4. What is the optimal quantity of this public good to provide?

◦ Q
◦ Q1
◦ Q2
◦ Q3
◦ Q4

Title: The diagram below shows the marginal benefit of consuming, and marginal cost of providing, a public ...
Post by: Yermi196 on Oct 12, 2022

Answer 1

vertical

Answer 2

Q4

Title: Re: The diagram below shows the marginal benefit of consuming, and marginal cost of providing, a pub
Post by: Danela Zaya on Dec 15, 2022

thank you