If the Government Is Supplying a Public Good,the Efficient Quantity

question 41

Multiple Choice

If the government is supplying a public good,the efficient quantity is where:

• A)the marginal social benefit equals the cost.
• B)the total social benefit equals the cost.
• C)the marginal social benefit is greater than the cost.
• D)the total social benefit outweighs the total cost.

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Definitions:

Incomplete Dominance

A genetic phenomenon where the phenotype of a heterozygote is intermediate between the phenotypes of the two homozygotes, indicating a blend of the parental traits.

Dominant Allele

An allele that expresses its phenotypic effect even when heterozygous with a recessive allele, masking the effect of the recessive allele in heterozygotes.

Recessive Allele

A type of allele that produces its characteristic phenotype only when its paired allele is identical.

Karyotype

Display of chromosomes arranged by pairs.