Suppose that MIck and Cher the only two members of soclety and are willing to pay S10 and S10, respectively. the fourth unit of a public good. Also, assume that the marginal cost of the fourtn unit is $20. we can clude that Multiple Choice Just the fifth unit should be produced. the fourth unit should not be produced. the fourth unit should be produced. 3 units should be produced.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Suppose that Mick and Cher are the only two members of soclety and are wlling to pay $10 and $10, respectively, for the fourth unit of a public good. Also, assume that the marginal cost of the fourth unit is $20. We can conclude that
Multiple Cholce
Just the fifth unit should be produced.
the fourth unit should not be produced.
the fourth unit should be produced.
3 units should be produced.
Transcribed Image Text:Suppose that Mick and Cher are the only two members of soclety and are wlling to pay $10 and $10, respectively, for the fourth unit of a public good. Also, assume that the marginal cost of the fourth unit is $20. We can conclude that Multiple Cholce Just the fifth unit should be produced. the fourth unit should not be produced. the fourth unit should be produced. 3 units should be produced.
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