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Author Question: The above figure shows the marginal benefit and marginal cost curves for a public good. The quantity ... (Read 152 times)

NguyenJ

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on: Jun 29, 2018
The above figure shows the marginal benefit and marginal cost curves for a public good. The quantity that has the best prospect of winning in an election by well-informed voters is
 
  A) A.
  B) B.
  C) C.
  D) zero units supplied.

Question 2

Along an indifference curve
 
  A) the marginal rate of substitution is constant but not equal to zero.
  B) the consumer does not prefer one consumption point to another.
  C) the marginal rate of substitution is equal to 0.
  D) the consumer prefers some of the consumption points to others.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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helenmarkerine

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


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