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Suppose in a Country There Are Only Two Persons

Question 89

Multiple Choice

Suppose in a country there are only two persons.Person A is willing to pay $50 to have one unit of a public good produced;person B is willing to pay $60 to have one unit of a public good produced and $50 to have two units produced.A point on the country's marginal social benefit curve for this public good is a price of ________ and quantity demanded of ________.


A) $50;1 unit
B) $60;1 unit
C) $110;2 units
D) $110;1 unit
E) $55;1 unit

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