An Efficient Level of Provision of a Public Good Is

question 28

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

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Definitions:

Objective Evidence

Information that is measurable, factual, and unbiased, observable by an external observer.

Counseling

The professional guidance of individuals by the use of psychological methods, particularly in resolving personal conflicts and emotional problems.

Research Training Environment

The context or setting in which research skills and knowledge are taught and learned.

Instructional Dimension

Aspects or components that define the structure, content, and delivery methods of educational material or teaching strategies.