Which Statement Is True

question 14

Multiple Choice

Which statement is true?

• A)For efficiency to be achieved in the production of a public good everyone should be taxed an amount equal to the value they place on the last unit of the good provided times the quantity of public good provided.
• B)The price theory we studied always considers efficient output to be the place where marginal cost equals marginal benefit, even if the good is a pure public good.
• C)A pure private good can never be jointly consumed.
• D)All of these are true.

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Definitions:

Serotonin

A neurotransmitter involved in the regulation of mood, appetite, and sleep, among other processes, often associated with feelings of well-being and happiness.

Agoraphobia

An anxiety disorder characterized by intense fear or anxiety about being in places where escape may be difficult or embarrassing.

Trichotillomania

A disorder in which people repeatedly pull out hair from their scalp, eyebrows, eyelashes, or other parts of their body. Also called hair-pulling disorder.

Serotonin Activity

The biochemical interaction or function of serotonin, a neurotransmitter important in regulating mood, anxiety, and other functions.