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Author Question: If the marginal cost of producing a public good is less than society's total willingness to pay per unit, then (Read 272 times)

ARLKQ

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on: Apr 19, 2019

Question 1

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.


◦ public
◦ private
◦ all
◦ normal

Question 2

If the marginal cost of producing a public good is less than society's total willingness to pay per unit, then


◦ the optimal amount of the public good is being produced.
◦ less than the optimal amount of the public good is being produced.
◦ more than the optimal amount of the public good is being produced.
◦ the amount of output being produced could be either greater than or less than the optimal amount.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by ARLKQ on Apr 19, 2019

scrocafella

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ARLKQ

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

brbarasa

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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