The Optimal Quantity of a Public Good Is Where the Total

question 128

True/False

The optimal quantity of a public good is where the total benefits from it are equal to the total costs of producing it.

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Definitions:

Performance Efficiency

An input measure of resource cost associated with goal accomplishment.

Resource Cost

The total expense incurred in order to utilize a resource, including acquisition, maintenance, and any associated operational costs.

Goal Accomplishment

involves successfully achieving predetermined objectives or targets set by an individual or organization.

Productivity

The efficiency at which goods or services are produced, often measured as the amount of output per unit of input.