Sue and Mark Are the Only Two Members of a Community.Sue's

question 139

Multiple Choice

Sue and Mark are the only two members of a community.Sue's marginal benefit from one lighthouse is $2,000 and Mark's marginal benefit is $1,000.If the marginal cost of one lighthouse is $2,500 and if a lighthouse is a public good,then for efficiency the lighthouse should

• A) be built but only Sue should be allowed to use it.
• B) be built but only Mark should be allowed to use it.
• C) be built and both Sue and Mark should be allowed to use it.
• D) not be built because its marginal cost exceeds Sue's marginal benefit.
• E) not be built because its marginal cost exceeds both Sue's and Mark's marginal benefit.

Understand the concepts of procedural and substantive due process.

Comprehend the standards of scrutiny (rational basis, intermediate, and strict) applied by courts in evaluating laws affecting constitutional rights.

Know the limitations and powers of the federal government and states regarding taxation and regulation for social welfare objectives.

Critically analyze and assess limitations on free speech rights and defenses against defamation based on the First Amendment.

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Definitions:

Bit Level Addressing

A method of accessing or manipulating individual bits within a data structure, allowing for more precise control and efficiency in programming.

Accumulated Value

An accumulated value is a total sum that has been gathered or added up over time, often seen in contexts such as finance, statistics, or data collection.

Preset Value

A specific value assigned in advance to control or configure the behavior of a program or device.

Timer File

A collection of timers in a PLC or software application, organized in a specific format for scheduling or tracking events.