What Is One Difference Between the Demand for a Private

question 40

Multiple Choice

What is one difference between the demand for a private good and that for a public good?

• A)With a private good, each consumer chooses the quantity she wants to consume but with a public good, each consumer chooses the price she is willing to pay for a fixed quantity.
• B)With a private good, each consumer chooses the quantity she wants to consume but with a public good, everyone consumes the same quantity.
• C)With a private good, each consumer receives different amounts of benefit from consuming the product but with a public good, every consumer realises the same amount of benefit from consuming the product.
• D)The marginal benefit from consuming the last unit of a public good always exceeds the marginal benefit from consuming the last unit of a private good because there are externalities in the consumption of the former.

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Definitions:

Derived

Pertains to a class or object that inherits properties and behavior from a superclass through the mechanism of inheritance.

Class Reader

Refers to a class in Java that reads characters from a stream of input, serving as a basis for reading data from various sources.

Writer

An object in programming used to write data to a destination, such as a file or a stream.

Derived

A class that inherits properties and behaviors from a parent class, also known as a subclass.