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us 3. Suppose that Mick and Cher are the only two members of society and are willing to pay $10 and $6, respectively, for the

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us 3. Suppose that Mick and Cher are the only two members of society and are willing to pay $10 and $6, respectively, for the third unit of a public good. Also, assume that the marginal cost of the third unit is $17. We can conclude that Select one: a. 4 units should be produced. b. the third unit should not be produced. . c. the third unit should be produced. x d. just the second unit should be produced. 56. Studies in industrially advanced nations indicate that a 10 percent increase in incomes will generate a Select one: a. 10 percent increase in the amount of health care demanded. b. 5 percent increase in the amount of health care demanded. c. 20 percent increase in the amount of health care demanded. d. 2 percent increase in the amount of health care demanded. x 35. If the marginal tax rate is 25 percent, by how much must income have increased if your tax bill increases by $300? Select one: a. $75 x b. The amount cannot be determined c. $1,200

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