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The Following Information Is for a Public Good

Question 65

Multiple Choice

The following information is for a public good.Pa and Pb are the prices that individuals A and B are willing to pay for the last unit of a public good, rather than do without it.These people are the only two members of society.The collective willingness of this society to pay for the 2nd unit of this public good is: The following information is for a public good.P<sub>a</sub> and P<sub>b</sub> are the prices that individuals A and B are willing to pay for the last unit of a public good, rather than do without it.These people are the only two members of society.The collective willingness of this society to pay for the 2<sup>nd</sup> unit of this public good is: A) $2 B) $4 C) $6 D) $8


A) $2
B) $4
C) $6
D) $8

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