An Efficient Level of Provision of a Public Good Is

question 28

Multiple Choice

An efficient level of provision of a public good is achieved when

• A)the cost of providing an extra unit of the good is equal to the valuation of each consumer of the extra unit.
• B)the cost of providing an extra unit of the good is equal to the sum of the valuations of all consumers for that unit.
• C)the cost of providing an extra unit of the good is equal to the price of the good.
• D)the valuation of each consumer for the last unit of the good produced is zero.
• E)voters are satisfied that an adequate amount of the good is being produced.

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Definitions:

Conversion Reaction

A psychological condition where emotional distress or unconscious conflict is expressed through physical symptoms, historically related to the concept of hysteria.

Borderline Personality

A psychological condition marked by volatile emotions, actions, and interpersonal connections.

Histrionic

Characterized by excessive emotionality and attention seeking, often part of histrionic personality disorder.

Antisocial

describes behavior that goes against societal norms and laws, often harming or showing indifference towards others' well-being.