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Author Question: The diagram below shows the marginal benefit of consuming, and marginal cost of providing, a public ... (Read 458 times)

Mscarter

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on: Oct 12, 2022

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. The curve MBABC is derived by


◦ determining the private marginal cost of the public good.
◦ observation of the consumption of public goods at the optimal price.
◦ observation of the consumption of public goods at a price of zero.
◦ a vertical summation of the marginal benefits of all individuals at each level of output.
◦ a horizontal summation of the marginal benefits of all individuals at each given price level.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Mscarter on Oct 12, 2022

heathercab

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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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Mscarter

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Reply 2 on: Oct 12, 2022
Excellent

Jossy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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