Tom and Jerry are the only members of society. The table above shows their marginal benefits from defense satellites, a public good. If the marginal social cost of a satellite is $36, the efficient quantity of satellites is
A) 1.
B) 2.
C) 3.
D) 4.
D
You might also like to view...
Firms in perfect competition produce the allocatively efficient output in the short run and in the long run
Indicate whether the statement is true or false
A backward-bending labor supply curve could possibly imply which of the following cases?
A) Leisure is an inferior good. B) Leisure is a normal good. C) Leisure is a normal good at low wages and inferior at high wages. D) None of the above.
Borrowing VCU3 from an online company cause the nation's:
a. Monetary base to remain the same. b. M2 money supply to fall. c. M2 money multiplier to rise. d. M2 money supply to rise.
A form of economic organization that relies primarily on private ownership of productive assets, freedom of exchange, and market prices to allocate goods and resources is often called
What will be an ideal response?