7 P Public Good 6. D Public 5- 4 3 2- 1 MC DA DB T T T 0 1 2 3 4 5 6 7 8 9 10 11 12 Q Use the above figure to answer the following question. Refer to the figure. What is the social marginal benefit at the socially optimal amount of widgets? $3 $4 $2 $7

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter9: Decision Making Under Uncertainty
Section9.3: Single-stage Decision Problems
Problem 6P
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I need do fast typing clear urjent no chatgpt used i will give 5 upvotes pls full explain with diagram
7
P
Public Good
6.
D Public
5-
4
3
2-
1
MC
DA
DB
T
T
T
0
1 2
3
4
5
6 7 8 9 10 11 12 Q
Use the above figure to answer the
following question.
Refer to the figure. What is the social
marginal benefit at the socially optimal
amount of widgets?
$3
$4
$2
$7
Transcribed Image Text:7 P Public Good 6. D Public 5- 4 3 2- 1 MC DA DB T T T 0 1 2 3 4 5 6 7 8 9 10 11 12 Q Use the above figure to answer the following question. Refer to the figure. What is the social marginal benefit at the socially optimal amount of widgets? $3 $4 $2 $7
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