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Author Question: The economy's marginal benefit curve for a public good is found by ________ for all individuals. ... (Read 91 times)

eruditmonkey@yahoo.com

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on: Jun 29, 2018
The economy's marginal benefit curve for a public good is found by ________ for all individuals.
 
  A) vertically summing the marginal benefit curves
  B) vertically summing the total benefit curves
  C) horizontally summing the total benefit curves
  D) horizontally summing the marginal benefit curves

Question 2

The figure above shows Sam's budget line. Which of the following formulas represents Sam's budget equation?
 
  A) 60.00 = 1.50/Qg + 3.00/Qc
  B) 60.00 = Qg /1.50 + Qc /3.00
  C) 60.00 = 1.50(Qg) + 3.00(Qc)
  D) 60.00 = 1.50(Qg) - 3.00(Qc)
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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brittanywood

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

A

Answer to Question 2

C


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