The Economy's Marginal Benefit Curve for a Public Good Is

question 67

Multiple Choice

The economy's marginal benefit curve for a public good is found by _______ for all individuals.

• A) vertically summing the marginal benefit curves
• B) horizontally summing the total benefit curves
• C) vertically summing the total benefit curves
• D) horizontally summing the marginal benefit curves

---

Definitions:

Unforeseen Difficulties

Challenges or problems that were not anticipated or expected at the outset of a project or agreement.

Preexisting Duty Rule

A legal doctrine stating that a promise to perform something the promisor is already legally obligated to do is not consideration for a new contract.

Adequacy of Consideration

Pertains to the fairness of the value exchanged in a contractual agreement, often examined in legal disputes over contract validity.

Legally Sufficient

Having the requisite form, substance, and detail to comply with the law and withstand legal scrutiny.