Multiple Choice
Use the following to answer questions :
Scenario: Ben and Nik
Ben and Nik are the only members of a community.They have revealed the marginal private benefits they each receive from a public good whose marginal social benefit is known.In addition,the marginal social cost (MSC) of the public good is known and is constant.
-(Scenario: Ben and Nik) Use Scenario: Ben and Nik.At all levels of provision of the public good:
A) Ben places a higher value on the public good than Nik.
B) the MSC is less than the MSB.
C) the optimal level is not attained.
D) the private marginal benefits cannot be determined.
Correct Answer:

Verified
Correct Answer:
Verified
Q59: Use the following to answer question:<br>Figure: An
Q97: When a good is nonrival in consumption,its
Q113: Pharmaceutical companies typically face very high fixed
Q126: Use the following to answer question 121:<br>Figure:
Q134: Suppose that the town of Falls Valley
Q135: Consumption of a common resource is inefficiently
Q175: Common resources tend to be overused because:<br>A)individuals
Q180: For a public good,nonpayers _ excluded from
Q184: A very large museum could accommodate many
Q198: Which statement is TRUE?<br>A)It is possible to