Multiple Choice
The government should provide an additional unit of a public good if ________.
A) the marginal cost of providing the additional unit of the good equals the social cost of providing the additional unit
B) the marginal cost of providing the additional unit of the good exceeds the marginal benefit
C) the marginal benefit exceeds the marginal cost of providing the additional unit of the good
D) the marginal cost of providing the additional unit of the good exceeds the average cost of providing the additional unit
Correct Answer:
Verified
Correct Answer:
Verified
Q101: The social cost of producing a good
Q102: The following figure shows the private cost
Q103: The total willingness to pay for public
Q104: Why do people refuse to pay for
Q105: Due to ongoing budget shortfalls,the city of
Q107: The following figure shows the market supply
Q108: The figure below shows the demand, supply,
Q109: Which of the following happens when a
Q110: Cleanliness experts say that cleaning a house
Q111: The consumption of a good entails a