The Efficient Output of a Public Good Occurs at the Point

question 71

Multiple Choice

The efficient output of a public good occurs at the point where the:

• A)curve formed by the horizontal summation of marginal benefit curves of users intersects the marginal cost curve.
• B)curve formed by the horizontal summation of the individual demand curves intersects the marginal cost curve.
• C)curve formed by the vertical summation of all users' demand curves intersects the marginal cost curve.
• D)curve formed by the vertical summation of the social cost curves intersects the social benefit curve.

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Definitions:

dBase File

A file format originally used by the dBase database management system to store data in a table structure.

Word Table

A feature in Microsoft Word that allows for the organization of data in rows and columns within a document.

Tab Order

The sequence in which the focus moves from one input field to another when the user presses the Tab key.

Button Order

The sequence or arrangement of buttons in a user interface, which can affect the usability and aesthetic of the interface.