Pa and Pb represent the prices that citizens (a) and (b), the only two people in this nation, are willing to pay for additional units of a quantity (Qc) of the public good. Qs represents the quantity of the public good supplied by government at each of the collective prices.QcPaPbQs1$4$552344324342325121Refer to the above information. If the collective willingness to pay for an additional unit of this public good is $6, then the collective quantity demanded will be:

A. 2 units and the socially optimal quantity supplied will be 4 units.
B. 4 units and the socially optimal quantity supplied will be 2 units.
C. 3 units and the socially optimal quantity supplied will be 3 units.
D. 1 unit and the socially optimal quantity supplied will be 5 units.


Answer: C

Economics

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