For Which Type of Good Is It Necessary to Sum

question 40

Multiple Choice

For which type of good is it necessary to sum individuals' marginal benefit curves vertically in order to obtain the economy's marginal benefit curve?

• A) Mixed goods
• B) Goods that are subject to the exclusion principle
• C) Private goods
• D) Public goods
• E) Common resources

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Definitions:

Survival of the Fittest

A concept from evolutionary theory suggesting that only those organisms best adapted to their environment will survive and reproduce.

Karl Marx

A 19th-century philosopher, economist, and political theorist best known for his works on communism and critique of capitalism, co-authoring the "Communist Manifesto".

Émile Durkheim

A French sociologist best known for his foundational contributions to the field of sociology, including his theories on social cohesion, collective consciousness, and the social basis of religion.

Theoretical Approaches

Refers to the various frameworks or methodologies used to analyze and interpret social phenomena.