8. The Types of Goods
Public Goods: Demand Curve and Optimal Quantity
8. The Types of Goods
Public Goods: Demand Curve and Optimal Quantity
Additional 10 creators.
Learn with other creators
Showing 13 of 13 videos
Practice this topic
- Multiple Choice
The benefit of an additional unit of a public good is:
213views - Multiple Choice
If the benefit of a public good does not exceed its cost:
239views - Multiple Choice
To find the benefit of an additional unit of a public good, we sum the individual demand curves:
218views - Multiple Choice
Two roommates plan to spend their evening with a marathon of Saw horror movies. Because it is a marathon, they must start with the first movie in the series and continue in order. Their willingness to pay for the rental of each movie is as follows:The marginal benefit from renting the third movie is:
219views