Multiple Choice
To achieve the efficient amount of use of a common resource,the use should be such that ________ equals ________.
A) marginal social cost; marginal private cost
B) marginal social cost; marginal social benefit
C) marginal private benefit; marginal cost
D) marginal cost; marginal benefit
E) marginal social benefit; marginal private cost
Correct Answer:

Verified
Correct Answer:
Verified
Q118: To determine the efficient quantity of a
Q119: If the government assigns private property rights
Q120: A private good is<br>A) nonexcludable and nonrival.<br>B)
Q121: Ocean fish are considered rival because a
Q122: Rational ignorance is the decision NOT to<br>A)
Q124: In politics,the principle of minimum differentiation is
Q125: If no one can be excluded from
Q126: The government can be large in size
Q127: The free-rider problem applies<br>A) to rival and
Q128: Bureaucrats<br>A) have no incentive to influence the