Answer the question based on the following information for a public good. Pa and Ppare the prices that individuals A and B are willing to pay for the last unit of a public good, rather than do without it. These people are the only two members of society. Pa Pb 1 $ 3 $ 5 4 1 4 5 1 The collective willingness of this society to pay for the fifth unit of this public good is Multiple Choice $8. $4 $2 $1 $6

Economics: Private and Public Choice (MindTap Course List)
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Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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Answer the question based on the following Information for a public good. P, and Ph are the prices that Individuals A and B are willing to pay for the last unit of a public good, rather than do without It. These people are the only two members of soclety.
Ра
Pb
1
$ 3
$ 5
2
4
3
1
2
The collective willingness of this soclety to pay for the fifth unit of this public good is
Multiple Cholce
$8.
$4.
$2
$1.
$6.
Transcribed Image Text:Answer the question based on the following Information for a public good. P, and Ph are the prices that Individuals A and B are willing to pay for the last unit of a public good, rather than do without It. These people are the only two members of soclety. Ра Pb 1 $ 3 $ 5 2 4 3 1 2 The collective willingness of this soclety to pay for the fifth unit of this public good is Multiple Cholce $8. $4. $2 $1. $6.
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