The Efficient Price to Charge Consumers for Their Use of a Public

question 14

Multiple Choice

The efficient price to charge consumers for their use of a public good is

• A)equal to the average per-person cost of providing this good.
• B)equal to the cost of providing the good to one additional consumer.
• C)equal to the highest individual marginal benefit from consuming a unit of the good.
• D)that price that prevents free riding by some consumers.
• E)equal to the price that the free market would achieve.

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Definitions:

Social Learning Theory

A theory that suggests people learn new behaviors and information by watching and imitating others.

Instrumental Learning Theory

A concept in psychology that emphasizes learning through the consequences of our actions, often involving rewards and punishments.

Relational Aggression Theory

A theoretical framework that explains aggressive behavior through the manipulation of social relationships, including actions like exclusion, gossip, or the withdrawal of friendship.

Frustration-Aggression Hypothesis

A theory suggesting that the occurrence of aggressive behavior always presupposes the existence of frustration and, conversely, that frustration leads to some form of aggression.