Which of the Following Is a Correct Statement

question 174

Multiple Choice

Which of the following is a correct statement?

• A) To obtain the economy's marginal benefit for a public good, marginal benefits of all individuals at each quantity have to be added.
• B) To obtain the economy's marginal benefit for a public good, the quantity that all individuals are willing to buy at each price must be added.
• C) To obtain the economy's marginal benefit curve for a public good, we sum the individual demand curves horizontally.
• D) Because public goods are nonexcludable, the economy's marginal benefit curve for a public good is the same as its marginal cost curve.
• E) None of the above answers is correct.

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Definitions:

Munchausen-by-proxy Syndrome

A psychiatric disorder where a caretaker fabricates or induces illness in another person, typically a child, to gain attention or sympathy.

Munchausen Syndrome

A psychiatric disorder where a person repeatedly and deliberately acts as if they have a physical or mental illness when they are not really sick.

Nyctophobia

An intense fear of darkness or the night, which can cause significant psychological distress.

Paranoia

A mental condition characterized by delusions of persecution, unwarranted jealousy, or exaggerated self-importance, typically elaborated into an organized system.