This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose the government is producing a public good. If the marginal benefit of the last unit of a ... (Read 168 times)

penguins

  • Hero Member
  • *****
  • Posts: 903
on: May 24, 2019
Suppose the government is producing a public good. If the marginal benefit of the last unit of a public good produced is greater than the marginal cost of that unit, to achieve the efficient amount of production, what should be done?
◦ The government should produce more units.
◦ The government should cease production.
◦ Private firms should take over the production and sale of the good.
◦ Nothing, because the government is already producing the efficient quantity of the public good.
◦ The government should produce fewer units.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by penguins on May 24, 2019

katkat_flores

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: May 24, 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.
Answer Preview
Only 50% of students answer this correctly


penguins

  • Hero Member
  • *****
  • Posts: 903
Reply #2 on: May 24, 2019
Thanks


katkat_flores

  • Sr. Member
  • ****
  • Posts: 328
Reply #3 on: May 24, 2019
Welcome :)


« previous next »
 

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

A structural gene as a transcriptional unit A structural gene as a transcriptional unit
Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ... Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ...
How to evaluate angles using sine, special triangles, the unit circle (Part 1) How to evaluate angles using sine, special triangles, the unit circle (Part 1)
50-Unit Insulin Syringe 50-Unit Insulin Syringe
Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ... Consider the production function ( ) 0.5 0.5 Y = AK L . Suppose both saving rate (s) and the ...
Injuries That Benefit from Burn Center Care Injuries That Benefit from Burn Center Care
Video: Hip Animation

For a complete list of videos, visit our video library