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Author Question: The marginal cost of producing 25 units of a public good is $100. There are two individuals in the ... (Read 67 times)

Themember4

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  • Posts: 538
on: Apr 19, 2019

Question 1

Assume there are two people in a society. Person A is willing to pay $70 to have one unit of a public good produced and Person B is willing to pay $80 to have one unit of a public good produced and $70 to have two units produced. As a result, for ________ unit(s) of this public good, society would be willing to pay a price of ________.


◦ 1; $150
◦ 3; $100
◦ 1; $100
◦ 5; $80

Question 2

The marginal cost of producing 25 units of a public good is $100. There are two individuals in the society. Person A is willing to pay $40 for 25 units of the public good. If 25 units of the public good are provided, then Person B must be willing to pay ________.


◦ $0
◦ $40
◦ $60
◦ $75
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Themember4 on Apr 19, 2019

lou

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Reply #1 on: Apr 19, 2019
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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Themember4

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Reply 2 on: Apr 19, 2019
Wow, this really help

epscape

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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