An Efficient Level of Provision of a Public Good Is

question 56

Multiple Choice

An efficient level of provision of a public good is achieved when

• A)the cost of providing an extra unit of the good is equal to the sum of the valuations of all consumers for that unit.
• B)the cost of providing an extra unit of the good is equal to the valuation of each consumer of the extra unit.
• C)the cost of providing an extra unit of the good is equal to the price of the good.
• D)voters are satisfied that an adequate amount of the good is being produced.
• E)the valuation of each consumer for the last unit of the good produced is zero.

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Definitions:

Expected Frequency

In statistics, it refers to the number of occurrences or outcomes that are predicted or expected to happen in a certain context based on a theoretical distribution.

Police Job

Employment involving enforcing the law, maintaining public order, and protecting citizens and property.

Expected Frequency

In statistics, the predicted count of occurrences in each category of a variable, assuming the null hypothesis is true.

Police Job

Employment in law enforcement, fulfilling roles such as the prevention of crime, enforcement of laws, and protection of citizens.