Answer to Question #241027 in Microeconomics for vee

Question

1.     Theoretically, the market demand for a public good is found by

A.   vertically adding the MEC and MPC functions

B.    overcoming free-ridership and vertically summing the price responses for each quantity

C.    adding horizontally the marginal benefits received by each consumer at every price level

D.   summing the quantities each person is willing and able to buy at each and every price

Answer 1

B.    overcoming free-ridership and vertically summing the price responses for each quantity