Multiple Choice
Use the following to answer questions:
Figure: An Individual's Marginal Benefit from a Public Good
-(Figure: An Individual's Marginal Benefit from a Public Good) Look at the figure An Individual's Marginal Benefit from a Public Good. Assume that two individuals will share consumption of a public good; each individual has the marginal benefit curve shown in the figure. If the marginal cost of the good is $24, how many units of this public good would maximize society's welfare?
A) 0
B) 8
C) 12
D) 16
Correct Answer:

Verified
Correct Answer:
Verified
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