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Author Question: Consider a non-rivalrous good, like national defence, provided by the government. At the socially ... (Read 46 times)

jacob816

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on: Oct 12, 2022
Consider a non-rivalrous good, like national defence, provided by the government. At the socially optimal level of provision of this good, the marginal
◦ cost of production of this good is zero.
◦ sacrifice society needs to make to supply the last unit of the good is equal to each consumer's marginal willingness to pay.
◦ cost of production of the last unit of the good is less than the consumers' marginal willingness to pay.
◦ cost of production of the last unit of the good is more than all consumers' combined marginal willingness to pay.
◦ marginal cost of production of the last unit of the good is equal to all consumers' combined marginal willingness to pay.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jacob816 on Oct 12, 2022

koung719

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Reply #1 on: Oct 12, 2022
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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jacob816

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

bbburns21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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