For Many Pure Public Goods Like Fireworks Displays, Weather Forecasts

question 56

Multiple Choice

For many pure public goods like fireworks displays, weather forecasts, and television broadcasts the marginal cost of serving one more consumer is ________, and the optimal quantity of the public good occurs when ________. 

• A)zero; provision is infinite.
• B)determined by average cost rather than marginal cost; price equals average cost.
• C)greater than the average cost; the government provides the good.
• D)zero; the marginal benefit of the public good equals zero.

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Definitions:

Combination Act

Legislation passed in the United Kingdom during the early 19th century, specifically designed to restrict the activities of trade unions and prevent workers from organizing or striking.

Striking Workers

Employees who cease work as a form of protest, typically in an effort to obtain better wages, working conditions, or other employment terms from their employers.

Jailed Without Trial

The practice of detaining individuals without the opportunity to have a hearing or trial, often criticized for violating human rights and the principle of due process.

Émile

A foundational work on education and human nature by French philosopher Jean-Jacques Rousseau, published in 1762.