The Marginal Benefit of a Public Good Is the

question 175

Multiple Choice

The marginal benefit of a public good is the

• A) sum of the marginal benefits of all the individuals at each quantity.
• B) marginal benefit of the individual person who places the lowest value on the good, multiplied by the number of people in the economy.
• C) marginal benefit of the individual person who places the highest value on the good, multiplied by the number of people in the economy.
• D) benefit of the last person's consumption.
• E) average of the marginal benefits of all the individuals at each quantity.

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Definitions:

Communicable Disease

An infectious disease that can be transmitted from person to person, animal to person, or object to person.

Sexual Misconduct

Behavior that is sexually inappropriate, unethical, or legally forbidden, often involving abuse of power or breach of consent.

Intentional Tort

A deliberate action that causes harm or damage to another person.

Economic Interests

Financial stakes or benefits that influence the actions or decisions of individuals or entities.