Watch Marginal Benefit from a Public Good The table in part (c) of Figure 11.2 shows the

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Watch Marginal Benefit from a Public Good The table in part

(c) of Figure 11.2 shows the marginal benefit for the entire economy. We obtain this curve by summing the individual marginal benefits at each quantity. For example, with 3 lights, the marginal benefit is $70 ($40 for Lisa plus $30 for Max). The curve MSB is the marginal social benefit curve.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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