The Efficient Output Level of a Public Good Occurs Where

question 43

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 realised by consumers.
• C)total cost of production is affordable.
• D)marginal cost of production is at its lowest.

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Definitions:

Virulence

The degree of damage or harm a pathogen can cause to its host.

Transmission

The process by which genetic information, diseases, or traits are passed from one organism to another or from one generation to the next.

Serial Passage

The process of repeatedly culturing microorganisms or viruses from one environment to another to select for adaptations or increase virulence.