The Efficient Output Level of a Public Good Occurs Where

question 238

Multiple Choice

The efficient output level of a public good occurs where the

• A) greatest number of free riders occurs.
• B) marginal cost of producing the last unit is equal to the marginal benefit realized by consumers.
• C) total cost of production is affordable.
• D) marginal cost of production is at its lowest.

---

Definitions:

World

The planet Earth and all life upon it, including human civilization and the natural environment.

Feminism

A movement for advocating women's rights and equality between the genders.

Progressive Era

A period of widespread social activism and political reform across the United States, roughly from the 1890s to the 1920s, aiming to eliminate problems caused by industrialization, urbanization, immigration, and corruption in government.

1920s

The decade from 1920 to 1929, marked by significant social, economic, and cultural changes worldwide.