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:

Continuous Random Variables

Variables that can take an infinite number of values within a given range.

Weight Of Elephant

The mass of an elephant, which can vary significantly based on species, age, and sex, generally ranging from 2,000 to 6,000 kilograms for adults.

Time To Answer

The duration taken by a respondent or system to respond to a query or request.

Continuous Random Variable

A variable that can take on an infinite number of values within a given range, often associated with measurements.