Suppose the market consists of 3 individuals: Citizen A, Citizen B and Citizen C. 
If the good shown on the graphs is a public good, then the marginal benefit of the 30th unit is:
A. $4
B. $30
C. $2
D. $9
Answer: D
You might also like to view...
The provision of additional cash to the banking system is an example of ________ policy.
A. structural B. aggregation C. monetary D. fiscal
Refer to Figure 9.8. In order to eliminate international trade in sugar altogether, this country would have to impose a tariff of
A) $25. B) $50. C) $75. D) $150. E) $175.
The Social Security retirement program is financed by a 10.6 percent payroll tax that applies to earnings up to an income cutoff that is adjusted upward annually by the growth rate of nominal wages. As of 2013, the income cutoff was
a. $15,000. b. $32,700. c. $113,700. d. $250,000.
In 1976, the cost of a movie was $4. In 2012, it's $9. If the CPI for 1976 is 56, and 228 for 2012, then we could say the cost of a 1976 movie in 2012 would be:
A. $16.29, so the cost of movies has not increased as much as general inflation. B. $2.21, so the cost of movies has not increased as much as general inflation. C. $2.21, so the cost of movies is relatively more in 2012 than it was in 1976. D. $16.29, so the cost of movies is relatively more in 2012 than it was in 1976.