Marginal Benefit, Mar 2 PA P3 P₂ 91 92 93 Q4 MBABC MBC MBB MBA Quantity FIGURE 16-4 Refer to Figure 16-4. Once some quantity of this public good is provided, the efficient price to charge for its use is
Marginal Benefit, Mar 2 PA P3 P₂ 91 92 93 Q4 MBABC MBC MBB MBA Quantity FIGURE 16-4 Refer to Figure 16-4. Once some quantity of this public good is provided, the efficient price to charge for its use is
Chapter1: Making Economics Decisions
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Transcribed Image Text:Marginal Benefit, Mar
S
2
Q3
Q4
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MBABC
MBC
MBB
MBA
FIGURE 16-4
Refer to Figure 16-4. Once some quantity of this public good is provided, the efficient price to charge for its use is
Quantity
i

Transcribed Image Text:The diagram below shows the marginal benefit of consuming and marginal cost of providing a public good. This economy has 3 individuals, A, B and C. The diagram shows the MB for each individual and a
ammation of their marginal benefits
The diagram below shows the marginal benefit of consuming and marginal cost of providing a public good. This economy has 3 individuals, A, B and C. The diagram shows the MB for each individual and a
summation of their marginal berwelts
Margal Mar
ang
MC
MBABC
MPC
MB
MBA
COE)
....
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