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The table below shows the marginal private benefit that members of a small village get from watching the local circus. Assume these individuals are the
The table below shows the marginal private benefit that members of a small village get from watching the local circus. Assume these individuals are the only ones that benefit from the shows. The cost of putting on a show is $C.
If the socially optimal number of shows is 3, which of the following is a possible value for C? A) 19
B) 37
C) both a and b
D) neither a nor b
Q | Alicia | Ben | Callie |
1 | 15 | 15 | 20 |
2 | 14 | 13 | 17 |
3 | 13 | 11 | 14 |
4 | 12 | 9 | 11 |
5 | 11 | 8 | 8 |
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