Suppose That the Marginal Social Benefit from Another Unit of a Public

question 14

Multiple Choice

Suppose that the marginal social benefit from another unit of a public good is less than the marginal social cost of producing it. Then

• A) the principle of minimum differentiation means that production should be decreased.
• B) the number of free riders is at its efficient amount.
• C) less of the product should be produced because its provision exceeds the efficient level.
• D) more of the product should be produced because its provision is less than the efficient level.

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Definitions:

Meaningful Code

Computer code or programming that is designed with clear purpose and functionality, making it easily understandable and relevant to its intended task.

Sensory Storage

Sensory storage is the very short-term storage of sensory information, part of the memory process that holds impressions of sensory information after the original stimuli have ended.

Memory Storage

The process by which information is maintained over a period of time in the brain for future use.

Short-term Storage

A memory storage system that temporarily holds a small amount of information for a short period of time.