The Optimal Output of a Public Good Occurs Where

question 23

Multiple Choice

The optimal output of a public good occurs where

• A)the total cost of the good equals the cumulated benefits of all consumers.
• B)the sum of the marginal benefit of each consumer at a given output equals the marginal cost of the good.
• C)the marginal benefit of the consumer who values the good most should equal the marginal cost of the good.
• D)the horizontal sum of the consumer benefits of the good should equal the marginal cost of producing the good.

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Definitions:

Proximal Convoluted

Refers to the Proximal Convoluted Tubule, a part of the nephron in the kidney involved in the reabsorption of water, ions, and other substances from the filtered blood.

Loop Of Henle

A section of the nephron tubule in the kidney, crucial for concentrating urine and conserving water.

Detrusor Muscle

A smooth muscle layer of the urinary bladder wall that contracts to expel urine.

Renal Pyramids

Cone-shaped tissues in the kidneys that process liquid waste and play a critical role in urine formation.