Refer to the diagrams below in which figures (a) and (b) show demand curves reflecting the prices Alvin and Elmer are willing to pay for a public good, rather than do without it.If the marginal cost of the optimal quantity of this public good is $10, the optimal quantity must be:
A)1 unit.
B)2 units.
C)3 units.
D)4 units.

Question

Refer to the diagrams below in which figures (a) and (b) show demand curves reflecting the prices Alvin and Elmer are willing to pay for a public good, rather than do without it.If the marginal cost of the optimal quantity of this public good is $10, the optimal quantity must be: 
A)1 unit. 
B)2 units. 
C)3 units. 
D)4 units.

Quizplus · Accepted Answer

The Answer of Refer to the diagrams below in which figures (a) and (b) show demand curves reflecting the prices Alvin and Elmer are willing to pay for a public good, rather than do without it.If the marginal cost of the optimal quantity of this public good is $10, the optimal quantity must be: 
A)1 unit. 
B)2 units. 
C)3 units. 
D)4 units.

Refer to the Diagrams Below in Which Figures (A) and (B)