Public Goods Should Be Provided to the Point at Which

question 131

Multiple Choice

Public goods should be provided to the point at which the marginal cost of production equals:

• A)the maximum price any individual is willing to pay for that unit.
• B)the highest marginal benefit from any individual consumer of the good.
• C)zero.
• D)the sum of the individual marginal benefits from all consumers of that unit.

---

Definitions:

International Special Olympics Committee

An organization dedicated to promoting sports training and competitions for children and adults with intellectual disabilities, emphasizing the benefits of participation and achievement.

Quality Management

A strategic approach focused on enhancing an organization's products and services through continual improvement and adherence to established standards.

International Standards Organization

An independent, non-governmental international organization that develops and publishes a wide range of proprietary, industrial, and commercial standards.

International Service Organizations

Organizations that operate across national borders, providing services rather than goods, to a global customer base.