The Efficient Scale of Provision of a Public Good Occurs

question 34

Multiple Choice

The efficient scale of provision of a public good occurs where

• A)total benefit is at a maximum.
• B)total benefit is at a minimum.
• C)marginal social benefit is at a maximum.
• D)marginal social benefit minus marginal social cost equals zero.
• E)marginal social cost is at a minimum.

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Definitions:

Equity

The value of an ownership interest in property, including shareholders' equity in a corporation.

Journal

A Journal in accounting is the initial record where financial transactions are entered before they are posted to accounts in the ledger, serving as the primary point of documentation for business activities.

Transactions

Business events that involve the exchange of goods, services, or funds, which impact a company's financial statements.

Ledger

A book or collection of financial accounts where transactions are recorded.