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:

Parallel Pathways

Multiple neural or process routes functioning simultaneously to carry out a particular function or achieve an outcome.

Rods and Cones

Specialized cells in the retina of the eye, where rods are responsible for vision at low light levels, and cones are responsible for color vision and detail.

Blind Spot

The area in the visual field that lacks light-detecting photoreceptor cells, where the optic nerve passes through the optic disc of the retina.

Robert Sternberg

An American psychologist known for his theory on the triarchic theory of intelligence, which includes analytical, creative, and practical components.