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    Microeconomics Study Set 32
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    Exam 17: Externalities and Public Goods
  5. Question
    Consider Three Consumers of a Public Good with the Following
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Consider Three Consumers of a Public Good with the Following

Question 16

Question 16

Essay

Consider three consumers of a public good with the following marginal benefit of consumption:
Consumer 1: MB1 = 5 - 2Q
Consumer 2: MB2 = 4 - Q
Consumer 3: MB3 = 3 - Q Consider three consumers of a public good with the following marginal benefit of consumption: Consumer 1: MB<sub>1</sub> = 5 - 2Q Consumer 2: MB<sub>2</sub> = 4 - Q Consumer 3: MB<sub>3</sub> = 3 - Q

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a. The total marginal benefit ...

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