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Suppose That Bill,George,and Al Constitute the Entire Market for Consumers

Question 24

Multiple Choice

Suppose that Bill,George,and Al constitute the entire market for consumers of national defense.Each man has an identical demand curve for national defense,which can be expressed as Suppose that Bill,George,and Al constitute the entire market for consumers of national defense.Each man has an identical demand curve for national defense,which can be expressed as   Suppose that the marginal cost for national defense can be expressed as   What is the optimal quantity of national defense? A)  150 units. B)  60 units C)  40 units. D)  20 units. Suppose that the marginal cost for national defense can be expressed as Suppose that Bill,George,and Al constitute the entire market for consumers of national defense.Each man has an identical demand curve for national defense,which can be expressed as   Suppose that the marginal cost for national defense can be expressed as   What is the optimal quantity of national defense? A)  150 units. B)  60 units C)  40 units. D)  20 units. What is the optimal quantity of national defense?


A) 150 units.
B) 60 units
C) 40 units.
D) 20 units.

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