Mary, Kiki, and Roy are the only three people in Tinville. Mary is willing to pay $20 for the 5th… 1 answer below »

Mary, Kiki, and Roy are the only three people in Tinville. Mary is willing to pay $20 for the 5th unit of a public good, Kiki $15, and Roy $25. Government should produce the 5th unit of the public good if the marginal cost is: a. between $15 and $25. b. between $61 and $299. c. $300 or more. d. $60 or less. I'm sure this isn't a hard question to solve, but I really am not sure how to go about this. Please explain to me so I can solve other problems like these on my own. Thank SO MUCH!!

 

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