If We Know Everyone's Individual Marginal Benefit Curve for a Public

question 133

Multiple Choice

If we know everyone's individual marginal benefit curve for a public good,then the economy's marginal benefit curve for that public good can be found by

• A) finding the average of everyone's marginal benefit.
• B) summing horizontally the amount of everyone's marginal benefit.
• C) summing vertically the amount of everyone's marginal benefit.
• D) averaging either horizontally or vertically the amount of everyone's marginal benefit.
• E) none of the above; it is impossible to find this value.

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Definitions:

Sampling Distribution

The probability distribution of a statistic obtained from a large number of samples drawn from a specific population.

Sample Size

The number of observations or dataset elements selected from a population for the purpose of statistical analysis.

Sample Means

The average value of a set of samples from a population.

Freshmen

First-year students at a high school, college, or university.