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.

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Definitions:

Spiral Organ

A structure located in the cochlea of the inner ear, critical for converting sound vibrations into electrical signals.

Cilia

Microscopic, hair-like structures on the surface of cells that move in a wave-like pattern to transport materials or aid in movement.

Sound Waves

Vibrations that travel through a medium such as air, producing the sensation of sound.

Inner Ear

The innermost part of the ear, containing the cochlea, vestibule, and semicircular canals, responsible for hearing and balance.