This topic contains a solution. Click here to go to the answer

Author Question: The free-rider problem of public goods refers to a. individuals' refusal to pay taxes. b. ... (Read 200 times)

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
The free-rider problem of public goods refers to
 a. individuals' refusal to pay taxes.
 b. individuals' attempts to hide their preferences for collective goods and to avoid paying for them.
  c. individuals' overuse of collective goods.
 d. the inelasticity of individuals' demands for public goods.

Question 2

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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dyrone

  • Sr. Member
  • ****
  • Posts: 322
Answer to Question 1

b

Answer to Question 2

c




Yi-Chen

  • Member
  • Posts: 550
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it


gcook

  • Member
  • Posts: 343
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

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

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

For a complete list of videos, visit our video library