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Author Question: Efficient production of a public good requires: a. that individuals pay for such goods according to ... (Read 38 times)

jon_i

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on: Jul 1, 2018
Efficient production of a public good requires:
 a. that individuals pay for such goods according to benefits received.
  b. that each individual's MRS be equal to the RPT of public goods for private goods.
  c. that the sum of individuals' MRSs be equal to the RPT of public goods for private goods.
  d. that governments produce at the low point of the average cost curve for the public good.

Question 2

When decision rights are decentralized, typically
 a. decisions are being moved to those with more of the relevant information
  b. decisions are being moved to those with stronger incentives to make good decisions
  c. decisions are being moved from those with more of the relevant information
  d. decisions are being moved from those with weaker incentives to make good decisions


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soda0602

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

a


jon_i

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Reply #2 on: Jul 1, 2018
Thank you


soda0602

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Reply #3 on: Jul 1, 2018
No problemo


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