Use the Following Information to Answer the Questions
Consider the Following

question 54

Multiple Choice

Use the following information to answer the Questions
Consider the following distribution of 35 voters at eight different positions over the interval [0, 1]. $$\begin{array} { | l | l | l | l | l | l | l | l | l | } \hline \text { Location } & 0.2 & 0.3 & 0.4 & 0.5 & 0.6 & 0.7 & 0.8 & 0.9 \\\hline \begin{array} { l } \text { Number of } \\\text { voters }\end{array} & 4 & 7 & 4 & 2 & 3 & 7 & 4 & 4 \\\hline\end{array}$$
-What is the median position of the voters?

• A) 0.45
• B) 0.5
• C) 0.55
• D) 0.6

Recognize the conditions under which the provision of public goods is optimal, including the role of the government.

Distinguish between rival and nonrival, excludable and nonexcludable goods.

Explain the difference between the marginal cost of production and society's willingness to pay for public goods.

Understand the concept of externalities and their impact on public goods provision.

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Definitions:

Incohesive Groups

Groups lacking unity or coherence, often resulting in lower effectiveness or productivity.

Norms

Shared expectations and rules that guide behavior of people within social groups.

Performance

Refers to the level at which an individual, group, or organization accomplishes its goals and objectives effectively and efficiently.

Role Conflict

A situation where an individual faces competing demands or expectations from different roles they serve, leading to tension or stress.