Multiple Choice
Use the figure below to answer the following questions.
Figure 17.2.1
-Refer to Figure 17.2.1. Curve MBA is Andrew's marginal benefit curve for a public good and curve MBB is Betty's marginal benefit curve for the same public good. If Andrew and Betty are the only two consumers in the economy, which point would be on the economy's marginal social benefit curve?
A) price of $20, quantity of 3
B) price of $20, quantity of 4
C) price of $10, quantity of 4
D) price of $30, quantity of 0
E) price of $60, quantity of 1
Correct Answer:
Verified
Correct Answer:
Verified
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