Multiple Choice
In the figure above,the efficient quantity of satellites to produce is
A) 200, because this is where marginal benefit equals marginal cost.
B) 200, because this is where the market is in equilibrium.
C) anywhere below 200, i.e., where marginal benefit exceeds marginal cost.
D) anywhere above 200, i.e., where marginal benefit is below marginal cost.
E) zero, because no one is willing to pay for satellites.
Correct Answer:

Verified
Correct Answer:
Verified
Q151: The marginal benefit curve of a public
Q152: Very few voters know the enormous cost
Q153: What is the free-rider problem and with
Q154: Because national defense is potentially subject to
Q155: Government bureaucracies over-provide public goods and grow
Q157: A good that is _ and _
Q158: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure
Q159: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The figure above
Q160: When use of a good decreases the
Q161: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The table above