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

question 90

Multiple Choice

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

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

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Definitions:

Evolutionary Hypothesis

A theory suggesting that the traits and behaviors possessed by organisms have developed over time through natural selection and adaptation to their environments.

Mating Preferences

The criteria or attributes that individuals in a species use to select their partners for reproduction.

Cross-Cultural

Relating to, or comparing different cultures or cultural areas to elucidate their similarities and differences.

Characteristics of Mating

Traits and behaviors that influence the selection of a partner for reproduction within a species.