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

question 4

Multiple Choice

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

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

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Definitions:

Health

A state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity.

Finances

The management of money and other assets, including budgeting, saving, investing, and spending.

Cohabitation Rates

The statistical measure or frequency of couples living together without being legally married.

Economic Needs

The basic requirements for an individual or family to maintain a standard of living, including food, shelter, and clothing.