The optimal level of provision of ________ goods is where society's total willingness to pay per unit is equal to the marginal cost of producing the good.
A. all
B. private
C. public
D. normal
Answer: C
You might also like to view...
If equilibrium is present in a market,
a. there is generally either a shortage or a surplus. b. quantity demanded equals quantity supplied. c. quantity demanded exceeds quantity supplied. d. quantity supplied exceeds quantity demanded.
What happens to domestic investment as the real interest rate rises? Explain your answer
Which of the following is true?
A) Entrepreneurs generally save less of their income than other Americans. B) If you want to make a lot of money, you had better figure out how to provide others with substantial value and find ways to discover and act on strategic opportunities. C) Additional years of schooling will substantially increase your earnings even if they fail to increase your productivity and ability to provide others with things that they value. D) Most entrepreneurs work very few hours.
For the Coase theorem to apply, all of the following conditions must be satisfied except
A. Liability rules must be established and enforced. B. The basic rights of the individuals must be clearly understood. C. There must be no impediments to bargaining. D. Only a few people can be involved.