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Answer the Question Based on the Following Information for a Public

Question 245

Multiple Choice

Answer the question based on the following information for a public good. Pₐ and Pᵦ 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. Answer the question based on the following information for a public good. Pₐ and Pᵦ 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. Suppose government has already produced 4 units of this public good. The amount individual B is willing voluntarily to pay for the fourth unit is A) $14. B) $5. C) $2. D) $0. Suppose government has already produced 4 units of this public good. The amount individual B is willing voluntarily to pay for the fourth unit is


A) $14.
B) $5.
C) $2.
D) $0.

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