No Individual Is Willing to Pay to Provide the Efficient

question 9

Multiple Choice

No individual is willing to pay to provide the efficient level of a public good since the:

• A)marginal cost of production is zero.
• B)good will be nonrival and thus underconsumed.
• C)individual's marginal benefit is less than the marginal social benefit.
• D)marginal benefit of allowing one more individual to consume the good is zero.

---

Definitions:

Low-Wage Worker

A term referring to employees who earn wages at or near the minimum levels permissible by law or prevailing wage levels in a given region.

Psychological Research

The study of behavior and mind, embracing all aspects of conscious and unconscious experience as well as thought.

Judged Less Positively

Refers to being evaluated or perceived by others in a more negative or less favorable manner.

Two-Person Career

A partnership where one spouse's career is prominently supported by the other's contributions at home or in social settings.