Solved

Suppose 10 Citizens Each Derive Marginal Benefit from Traffic Lights

Question 65

Multiple Choice

Suppose 10 citizens each derive marginal benefit from traffic lights according to the function MB = 10 - Q.If traffic lights cost $10 each to produce,what is the efficient quantity of traffic lights?


A) 9 traffic lights
B) 12 traffic lights
C) 8 traffic lights
D) 1 traffic light

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q60: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -The above figure

Q61: Suppose three neighbors must vote on the

Q62: The U.S.Federal government limits the ability for

Q63: Which of the following is an example

Q64: The existence of externalities is due mainly

Q66: When majority rule voting is used to

Q67: Which of the following policies addresses the

Q68: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -The above figure

Q69: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -The above figure

Q70: Suppose 100 citizens each derive marginal benefit