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Author Question: The marginal cost of producing 40 units of a public good is $200. There are two individuals in the ... (Read 60 times)

sabina

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on: Apr 19, 2019

Question 1

Assume there are two people in a society. Person A is willing to pay $140 to have one unit of a public good produced and Person B is willing to pay $160 to have one unit of a public good produced and $140 to have two units produced. As a result, society would be willing to pay a price of ________ of this public good.


◦ $300 for 1 unit
◦ $200 for 3 units
◦ $200 for 1 unit
◦ $160 for 5 units

Question 2

The marginal cost of producing 40 units of a public good is $200. There are two individuals in the society. Person A is willing to pay $80 for 40 units of the public good. If 40 units of the public good are provided, how much must Person B be willing to pay?


◦ $0
◦ $80
◦ $120
◦ $150
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by sabina on Apr 19, 2019

mceravolo

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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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sabina

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Reply #2 on: Apr 19, 2019
Excellent


mceravolo

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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