Multiple Choice
Suppose a public good is provided in an economy with only two consumers,Popeye and Captain Hook.If Popeye values the public good at $4,000 per year,and Captain Hook values it at $3,000 per year,the economy's marginal benefit of the public good per year is
A) $7,000.
B) $4,000.
C) $3,000.
D) $1,000.
E) $12,000.
Correct Answer:
Verified
Correct Answer:
Verified
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