Why Might It Be Economically Efficient to Offer Access to an Uncongested

question 40

Multiple Choice

Why might it be economically efficient to offer access to an uncongested art gallery or museum at a price of zero?

• A)because they are non-rivalrous and non-excludable and therefore should be provided at a price of zero
• B)because the marginal benefit received by the visitor is zero,and marginal benefits and marginal cost should be equal
• C)because the marginal cost of providing access to one more visitor is zero,while the visitor has a positive marginal benefit
• D)because it is good for society if more people visit art galleries and museums
• E)because they are public goods,which would not be provided by the free market

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Definitions:

°C

Degrees Celsius (°C) is a unit of temperature measurement based on the Celsius scale, where water freezes at 0°C and boils at 100°C under standard atmospheric conditions.

Atm

A unit of pressure used to describe the air pressure at sea level, equivalent to 101,325 Pa or about 14.696 psi.

Moles

A unit in chemistry that represents 6.022 x 10^23 particles of a given substance, used to express the amount of a chemical substance.

Temperature

An indication of how hot or cold a substance is, determined by the average kinetic energy of its particles.