The Efficient Quantity of a Public Good Is Provided When

question 102

Multiple Choice

The efficient quantity of a public good is provided when the economy's

• A) total benefit from the good equals its total cost.
• B) total benefit from the good is less than its total cost.
• C) marginal social benefit from the good equals its marginal social cost.
• D) marginal social benefit from the good is greater than its marginal social cost.

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Definitions:

Distinctiveness

The quality of being uniquely different from others in specific characteristics or attributes.

Appropriateness

The suitability of an action, response, or decision in relation to the circumstances or guidelines.

Psychodynamic Theories

A group of theories that emphasize the influence of the unconscious mind and childhood experiences on behavior.

Unconscious Mental Forces

Psychological activities below the level of conscious awareness that influence thoughts, feelings, and actions.