Multiple Choice
Assume there are two people in a society. Person A is willing to pay $70 to have one unit of a public good produced and Person B is willing to pay $80 to have one unit of a public good produced and $70 to have two units produced. As a result, for ________ unit(s) of this public good, society would be willing to pay a price of ________.
A) 1; $150
B) 3; $100
C) 1; $100
D) 5; $80
Correct Answer:
Verified
Correct Answer:
Verified
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