Which of the Following Goods Is Least Likely to Be

question 73

Multiple Choice

Which of the following goods is least likely to be provided by the private sector?

• A)​a good characterized by nonrivalry in consumption from which nonpaying customers can be excluded
• B)​a good characterized by nonrivalry in consumption from which paying customers cannot be excluded
• C)​a good characterized by rivalry in consumption from which nonpaying customers can be excluded
• D)​a good for which the marginal private benefit to an individual exceeds the marginal cost of producing the good

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Definitions:

Machine-Hours

A measure of manufacturing time that indicates the amount of time a machine is in use.

Machine-Hours

A measure of the amount of time that machinery is in operation, typically used as a basis for allocating manufacturing overhead costs.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to products based on a predetermined formula, often involving estimated costs and activity levels.

Machine-Hours

A measure of production volume or activity based on the number of hours machines are operating.