If the Third and Fourth Digits of the Bank Identification

question 55

Short Answer

If the third and fourth digits of the bank identification number 250150205 are transposed, can the check digit detect the error? Explain.

Understand how the free-rider problem affects the provision of public goods.

Analyze conditions under which public goods should be provided to enhance social welfare.

Calculate the efficient number of public goods based on marginal cost and marginal social benefit.

Understand the concept of marginal social benefit and marginal social cost in the context of public goods and common resources.