The Marginal Benefit of a Public Good ________ as More

question 93

Multiple Choice

The marginal benefit of a public good ________ as more of the good is produced.

• A) increases
• B) decreases
• C) stays the same
• D) None of the above is correct because the marginal benefit could increase, decrease, or not change depending on whether the marginal cost increases, decreases, or does not change as more is produced.
• E) None of the above is correct because the marginal benefit could increase, decrease, or not change depending on whether more, fewer, or the same number of people consume the good as more is produced.

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Definitions:

Secretin

Secretin is a hormone produced by the S cells of the duodenum that stimulates the pancreas to release bicarbonate-rich fluids, aiding in the neutralization of stomach acid in the small intestine.

Small Intestine

A part of the gastrointestinal tract between the stomach and the large intestine that is responsible for most of the digestion and absorption of nutrients.

Cholecystokinin

A hormone released by the small intestine in response to the ingestion of fats, playing a critical role in digestion by stimulating the gallbladder to release bile.

Glossopharyngeal Nerve

The ninth cranial nerve, responsible for sensory and motor functions in the throat, including taste sensation and swallowing.