If a Firm Produces a Good and Its Consumption Generates

question 120

Multiple Choice

If a firm produces a good and its consumption generates external benefits,then at the competitive market equilibrium

• A)the government could subsidize the production of this good to improve efficiency.
• B)the marginal private benefit is greater than the marginal cost of producing the last unit.
• C)the output would be more than the socially optimal amount.
• D)the firm will not produce an additional amount if it can internalize the external benefits.
• E)the marginal social benefit is less than the marginal cost of producing the last unit.

---

Definitions:

Tertiary Datums

Reference points, lines, or surfaces on an object used in the hierarchical system of geometric dimensioning and tolerancing, serving as a secondary or third level of datum reference.

Target Points

Specific locations defined on a part or in a design intended to align, measure, or reference during manufacturing or assembly processes.

Primary Datum

A specific reference point, line, or surface used as a basis for dimensional control in design, manufacturing, and inspection processes.

Flat Surfaces

Flat surfaces refer to geometric planes that are smooth and even without curvatures or irregularities.