Public Goods Should Be Produced Up to the Point at Which

question 172

Multiple Choice

Public goods should be produced up to the point at which the marginal cost of production equals:

• A)the maximum price any individual is willing to pay for that unit.
• B)the sum of the individual marginal benefits from all consumers of that unit.
• C)zero,which is the marginal cost of allowing another individual to consume the good.
• D)the highest marginal benefit from any individual consumer of the good.

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