Consider a Non-Rivalrous Good,like National Defence,provided by the Government

question 16

Multiple Choice

Consider a non-rivalrous good,like national defence,provided by the government.At the socially optimal level of provision of this good,the marginal

• A)cost of production of this good is zero.
• B)cost of production of the last unit of the good is equal to the consumers' marginal willingness to pay.
• C)sacrifice society needs to make to supply the last unit of the good is more than each consumer's marginal willingness to pay.
• D)cost of production of the last unit of the good is more than all consumers' combined marginal willingness to pay.
• E)cost of production of the last unit of the good is equal to all consumers' combined marginal willingness to pay.

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Definitions:

Major Organic Product

The primary product of a chemical reaction that is formed in the largest quantity compared to other products.

Reaction

The process through which one or more substances are changed into one or more different substances through the rearrangement, removal, replacement, or addition of atoms.

Major Organic Product

The primary chemical compound formed in the highest yield during an organic reaction.

Reaction

A process in which one or more substances are changed into one or more different substances through the breaking and forming of chemical bonds.