Efficiency in the Provision of a Public Good Is Achieved

question 137

Multiple Choice

Efficiency in the provision of a public good is achieved when its

• A) total social benefit equals its total social cost.
• B) average social benefit equals its average social cost.
• C) marginal social benefit equals its marginal social cost.
• D) marginal social benefit equals zero.

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Definitions:

Social Psychology

A branch of psychology that examines how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Weapons Effect

A psychological phenomenon where the mere presence of a weapon can increase aggressive thoughts, feelings, and behaviors.

Cognitive Load

The total amount of mental effort being used in the working memory, influenced by the complexity of the task or information.

Trait Anger

A personality characteristic that refers to the tendency to experience anger more frequently and intensely than the average person.