The Efficient Output Level of a Public Good Occurs Where

question 118

Multiple Choice

The efficient output level of a public good occurs where the

• A)greatest number of free riders occurs.
• B)marginal social cost of producing the last unit is equal to the marginal social benefit realized by consumers.
• C)total cost of production is affordable.
• D)marginal cost of production is minimized.

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Alphabet

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Cognitive Development

The study and description of how a person's thought processes develop from childhood through adulthood.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance that is the main constituent of Earth's hydrosphere and the fluids of most living organisms.

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A hard, brittle, transparent solid material made by cooling melted ingredients such as silica, often used in windows, bottles, and many other applications.