If a Good Has a Marginal Cost of Production of Zero

question 157

Multiple Choice

If a good has a marginal cost of production of zero and an inefficiently low level of consumption,the good must be a(n) :

• A)private good.
• B)public good.
• C)common resource.
• D)artificially scarce good.

---

Definitions:

Compensation

Financial and non-financial rewards given to employees in exchange for their work and service.

Textbook

A book containing comprehensive and authoritative information on a specific subject, intended primarily for academic study.

Contextual Variables

External or environmental factors that influence the performance or behavior of individuals or organizations.

Structural Variables

Elements or factors that define the organization's structure, such as hierarchy levels, departmentalization, and the distribution of authority and responsibilities.