The Efficient Output of a Pure Public Good Is Achieved

question 26

Multiple Choice

The efficient output of a pure public good is achieved at the point at which:

• A) the marginal benefit obtained by each consumer equals the marginal social cost of producing the good.
• B) the sum of the marginal benefits of all consumers equals the marginal social cost of producing the good.
• C) the marginal benefit of each consumer equals zero.
• D) the marginal social cost of producing the good is zero.
• E) both c and d

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Definitions:

Cerebellum

A part of the brain located at the back of the skull, predominantly involved in regulating motor movements and coordination.

Balance Impairment

A condition affecting one's stability and spatial orientation, often leading to difficulty in maintaining upright posture.

Basal Nuclei

Groups of neurons located deep within the cerebral hemispheres that are involved in the control of movement.

Circular Speech

A communication pattern where the speaker repeats ideas in a loop without reaching a conclusion.