The Efficient Output Level of a Public Good Occurs Where

question 248

Multiple Choice

The efficient output level of a public good occurs where the

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

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Definitions:

Freedom of Thought

The right to hold or consider a fact, viewpoint, or thought, independent of others' viewpoints.

Freedom of Association

The right to join, form, or participate in any group or assembly, typically pertaining to unions, clubs, or political organizations, without interference.

Sexual Nonconformist

A sexual nonconformist is an individual whose sexual behavior, preferences, or identity do not conform to societal norms or expectations.

Deviant Personality

A personality trait or disorder characterized by behaviors that deviate significantly from societal norms or expectations.