if-three-individuals-are-willing-to-pay-3-5-and-7-respectively-for-a-public-good

Question

If three individuals are willing to pay $3, $5, and $7 respectively for a public good, what is the total value society places on this good?

Accepted Answer

$15

Answer

$7

Answer

$3

Answer

$5

If three individuals are willing to pay \$3, \$5, and \$7 respectively for a public good, what is the total value society places on this good?