At the Optimal Quantity of a Public Good

question 238

Multiple Choice

At the optimal quantity of a public good,

• A)marginal benefit exceeds marginal cost by the greatest amount.
• B)total benefit equals total cost.
• C)marginal benefit equals marginal cost.
• D)marginal benefit is zero.

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Definitions:

Abundant Elements

The most common elements found in the Earth's crust, atmosphere, or oceans.

Universe

The totality of all space, time, matter, and energy, including galaxies, stars, and planetary systems.

Silicate Mineral

Minerals composed of silicate groups, the most abundant class of minerals in the Earth's crust, containing silicon and oxygen.

Continental Crust

The thick, buoyant part of the Earth's crust that forms the continents; it is generally older and more complex than oceanic crust.