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Author Question: The diagram below shows the marginal benefit of consuming, and marginal cost of providing, a public ... (Read 404 times)

jlbond23

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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
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jlbond23 on Oct 12, 2022

Yermi196

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Danela Zaya

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Reply #2 on: Dec 15, 2022
thank you


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