In a Lindahl Equilibrium

question 10

Multiple Choice

In a Lindahl equilibrium,

• A)each consumer purchases a pure public good up to the point at which his or her marginal bene?fit equals the marginal social cost of the good.
• B)each person pays a tax per unit of the pure public good equal to his or her marginal benefit.
• C)the sum of the marginal benefits of all consumers equals the marginal social cost of the good.
• D)Both (b) and (c) are correct.

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Definitions:

Thin Client

A computing device with minimal local storage and processing capabilities, designed to connect to a network where it can access applications and data.

Full Functionality

The full range of features or operations that a system, device, or application is designed to perform.

SSDs

Solid State Drives; a type of non-volatile storage media that stores data on flash memory and has no moving parts, offering faster access and lower latency.

Reality

The state of things as they actually exist, as opposed to an idealistic or notional idea of them.