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 161 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?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

Preschoolers benefit from helping with meal preparation, especially with foods they like Preschoolers benefit from helping with meal preparation, especially with foods they like
Retrograde pyelogram. A contrast medium is injected into the ureter using a cystoscope, and the X-ra Retrograde pyelogram. A contrast medium is injected into the ureter using a cystoscope, and the X-ra
Trig Degrees/Radians unit circle Trig Degrees/Radians unit circle
Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ... Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ...
Peanut butter is good source of protein Peanut butter is good source of protein
Government By the People, 2016 Presidential Election, 26th Edition Government By the People, 2016 Presidential Election, 26th Edition
Video: A timeline of the teeth (Explained - No Audio)

For a complete list of videos, visit our video library