The Market Demand for a Public Good Can Be Determined

question 6

Multiple Choice

The market demand for a public good can be determined by

• A)adding up the total private benefits and external benefits that each quantity provides the citizens of a country.
• B)adding up how much each citizen expects to consume at each possible price.
• C)adding up how much each consumer is willing to pay for each unit of the public good.
• D)estimating the value of the benefit that each unit provides and multiplying that by the number of consumers.

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Definitions:

Hyoid Bone

A horseshoe-shaped bone situated in the anterior midline of the neck between the chin and the thyroid cartilage.

Clavicle

A long bone that serves as a strut between the shoulder blade and the sternum or breastbone, also known as the collarbone.

Axial Skeleton

The part of the skeleton that consists of the bones of the head and trunk, including the spine, rib cage, and skull.

Scapula

A flat, triangular bone located at the back of the shoulder, serving as an important attachment site for several muscles.