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Using the above table, fill in the Marginal Social Benefit for a public good based on an economy of these 3 consumers.   Consumer A’s price per unit Consumer B’s price per unit Consumer C’s price per unit Marginal Social Benefit QD    $Blank 1 1 $11 $12 $15    $Blank 2 2 $9 $8 $12    $Blank 3 3 $6 $5 $9    $Blank 4 4 $5 $1 $5   If this public good has a constant marginal cost (MC) of $20, what is the socially optimal number of units of the public good that should be provided to the economy? Blank 5 units.

Using the above table, fill in the Marginal Social Benefit for a public good based on an economy of these 3 consumers.   Consumer A’s price per unit Consumer B’s price per unit Consumer C’s price per unit Marginal Social Benefit QD    $Blank 1 1 $11 $12 $15    $Blank 2 2 $9 $8 $12    $Blank 3 3 $6 $5 $9    $Blank 4 4 $5 $1 $5   If this public good has a constant marginal cost (MC) of $20, what is the socially optimal number of units of the public good that should be provided to the economy? Blank 5 units.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Using the above table, fill in the Marginal Social Benefit for a public good based on an economy of these 3 consumers.

 

Consumer A’s price per unit Consumer B’s price per unit Consumer C’s price per unit Marginal Social Benefit QD    $Blank 1 1 $11 $12 $15    $Blank 2 2 $9 $8 $12    $Blank 3 3 $6 $5 $9    $Blank 4 4 $5 $1 $5

 

If this public good has a constant marginal cost (MC) of $20, what is the socially optimal number of units of the public good that should be provided to the economy? Blank 5 units.

QD 1 2 3 4 Consumer A's price per unit $11 $9 $6 $5 Consumer B's price B's price per unit $12 $8 $5 $1 Consumer Marginal Social Benefit C's price per unit $15 $12 $9 $5 Blank 1 Blank 2 Blank 3 Blank 4
Transcribed Image Text:QD 1 2 3 4 Consumer A's price per unit $11 $9 $6 $5 Consumer B's price B's price per unit $12 $8 $5 $1 Consumer Marginal Social Benefit C's price per unit $15 $12 $9 $5 Blank 1 Blank 2 Blank 3 Blank 4
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