If the Government Is Supplying a Public Good, the Efficient

question 105

Multiple Choice

If the government is supplying a public good, the efficient quantity occurs where the:

• A)total social benefit equals the cost.
• B)marginal social benefit is greater than the cost.
• C)marginal social benefit equals the cost.
• D)total social benefit outweighs the total cost.

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Definitions:

Prevailing Winds

Winds that blow predominantly from a single general direction over a particular point on the Earth's surface.

Atmospheric Solar Heating

The process by which the Sun's energy warms the Earth's atmosphere and surface, influencing climate and weather patterns.

Storm Surge

A local rise in the level of a sea or a lake during a hurricane or other storm.

High Atmospheric Pressure

A condition where the air pressure is higher than the surrounding area, often leading to clear skies and calm weather conditions.