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Answer the Next Question on the Basis of the Following

Question 78

Multiple Choice

Answer the next question on the basis of the following information for public good.Pa and Pb represent the prices that citizens (a) and (b) , the only two people in this nation, are willing to pay for additional units of a quantity (Qc) of the public good.Qs represents the quantity of the public good supplied by government at each of the collective prices.The collective willingness of this nation to pay for the fourth unit of the public good is: Answer the next question on the basis of the following information for public good.P<sub>a</sub> and P<sub>b</sub> represent the prices that citizens (a)  and (b) , the only two people in this nation, are willing to pay for additional units of a quantity (Q<sub>c</sub>)  of the public good.Q<sub>s</sub> represents the quantity of the public good supplied by government at each of the collective prices.The collective willingness of this nation to pay for the fourth unit of the public good is:   A) $7 B) $6 C) $5 D) $3


A) $7
B) $6
C) $5
D) $3

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