The Efficient Quantity of a Public Good Is Provided When

question 98

Multiple Choice

The efficient quantity of a public good is provided when the economy's

• A) marginal social benefit from the good is greater than its marginal social cost.
• B) total benefit from the good equals its total cost.
• C) total benefit from the good is less than its total cost.
• D) marginal social benefit from the good equals its marginal social cost.

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Definitions:

Mutual Affection

A mutual feeling of fondness or liking between two or more individuals.

Sexual Attraction

The interest or desire one person feels towards another, which can be physical, emotional, or both, leading to sexual interest or activity.

Compatibility

The ability of two or more entities to exist or work together in harmony without conflict.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations and marked as one of the deadliest conflicts in history.