If an Individual Does Not Have to Pay to Use

question 103

Multiple Choice

If an individual does not have to pay to use a common resource,that individual will continue to use a common resource until his or her:

• A)marginal benefit is zero.
• B)marginal cost is zero.
• C)marginal benefit exceeds marginal cost.
• D)marginal benefit equals the marginal social cost.

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Definitions:

Responsible

Being responsible for performing certain actions or overseeing or looking after someone as a requirement of one's position or duty.

Blur

A lack of clarity or distinctness in an image, scenario, or situation, leading to confusion or ambiguity.

Intangibles

Non-physical assets that cannot be seen, touched, or physically measured, such as intellectual property, brand names, and customer loyalty.

Accelerating Rate

Refers to the increase in speed or amount of a particular process or phenomenon over time.