A consumer’s marginal benefit curve (MB) for a good is represented by MB = 190–3q. What is the highest price the individual is willing to pay for unit number 38 of the good?

A consumer’s marginal benefit curve (MB) for a good is represented by MB = 181–2q. What is the MB of unit number 9 of the good consumed?

Consider an economy with three consumers, each with a marginal benefit for a public good of MB = 10–q. If the marginal cost of providing the good is $17 per unit, what is the efficient level of output? [Round your answer to 2 decimal places when needed]

Consider an economy with three consumers, each with a marginal benefit for a public good of MB = 10–q. What is society’s marginal benefit (MSB) for the public good?Group of answer choicesMSB = 10-3qMSB = 30-3qMSB = 10-(1/3)qMSB = 30-(1/3)qNone of the above

Suppose only 2 consumers and 1 good exist, where this good is first considered public and then private. Consumers have a willingness to pay (WTP) of 2 for the first unit and 1 for the second unit. Which is the highest WTP expressed by “the market” and the quantity demanded in correspondence of this maximum WTP in the two cases, i.e. a private and a public good?WTP will be equal to 4 in both cases; the quantity demanded will be 1 in the case of a public good and 2 in the case of a private goodWTP = 4 in case the good is public, WTP = 2 in case the good is private; the quantity demanded will be 1 in the case of a public good and 2 in the case of a private goodWTP = 4 in case the good is public, WTP = 2 in case the good is private; the quantity demanded will be 2 in the case of a public good and 1 in the case of a private goodWTP = 2 in case the good is public, WTP = 4 in case the good is private; the quantity demanded will be 1 in the case of a public good and 2 in the case of a private good

Figure 22-14Refer to Figure 22-14. Suppose the price of good X is $8, the price of good Y is $10, and the consumer's income is $360. Then the consumer's optimal choice is to buyGroup of answer choices40 units of good X and 4 units of good Y.30 units of good X and 12 units of good Y.15 units of good X and 24 units of good Y.20 units of good X and 20 units of good Y.