The government should provide one more unit of a public good if ________
A) the marginal benefits equal the marginal costs of providing the additional unit
B) the marginal cost of providing the next unit exceeds the marginal benefits
C) the marginal benefits exceed the marginal costs of providing the next unit
D) the marginal costs of providing the next unit equal the average cost of providing the next unit
C
You might also like to view...
Giuseppe's Pizza is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price is $20, how much economic profit does the firm make?
A) $0 B) $12 C) -$20 D) -$10
Suppose you withdraw $1,000 from your savings account and put it in your checking account. Briefly explain how this will affect M1 and M2
What will be an ideal response?
Labor resistance can be a major impediment to increased productivity in many firms
Indicate whether the statement is true or false
In the long run,
a. monopolies never earn economic profit b. economic profits and losses determine entry and exit into monopoly markets c. monopolies may earn economic profit d. competition always destroys monopoly e. government always regulates monopoly