SOLVED: Assume that two individuals will share consumption of a public good; each individual has the same marginal benefit curve. If the marginal cost of the good is 24, what is the level of this public good that would maximize society's welfare? Choose one answer. a. 16 units b. 8 units c. 12 units d. 0 unitsMarginal benefit40 36 32 28 24 20 16 12 8 402 4 68 10 12 14 16 18 20 Quantity of a public good
SOLVED: Assume that two individuals will share consumptio…
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