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:

Major League

The highest professional level of play in various sports, particularly in the United States, such as Major League Baseball (MLB) or Major League Soccer (MLS).

Black Players

Black Players typically refers to athletes of African descent participating in sports; the term often highlights their experiences, achievements, and the challenges they face due to racial dynamics.

English Football

Describes the game of soccer as played in England, featuring a structure from amateur and youth clubs up to professional leagues.

Prejudice

Prejudice is a preconceived opinion or bias against an individual or group without sufficient knowledge, thought, or reason.