Q3. The following table shows the marginal benefits of a pure public good that can be enjoyed by four people in a community, Athirah, Dewi, Chin, and John. Number of Public Good Marginal Benefit: 1 2 3 4 Athirah 175 150 125 100 Dewi 150 125 100 75 Chin 125 100 75 50 John 100 75 50 25 Draw the total marginal social benefit curve for the pure public good based on the table above.
Q3. The following table shows the marginal benefits of a pure public good that can be enjoyed by four people in a community, Athirah, Dewi, Chin, and John. Number of Public Good Marginal Benefit: 1 2 3 4 Athirah 175 150 125 100 Dewi 150 125 100 75 Chin 125 100 75 50 John 100 75 50 25 Draw the total marginal social benefit curve for the pure public good based on the table above.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Q3. The following table shows the marginal benefits of a pure public good that can be enjoyed by four people in a community, Athirah, Dewi, Chin, and John.
|
|
|
Number of Public Good |
||
|
Marginal Benefit: |
1 |
2 |
3 |
4 |
|
Athirah |
175 |
150 |
125 |
100 |
|
Dewi |
150 |
125 |
100 |
75 |
|
Chin |
125 |
100 |
75 |
50 |
|
John |
100 |
75 |
50 |
25 |
|
|
|
|
|
|
- Draw the total marginal social benefit curve for the pure public good based on the table above.
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