Author Question: To find the social marginal benefit of public goods, one needs to A) sum the consumers' demand ... (Read 74 times)

bobthebuilder · **on:** Jul 1, 2018

To find the social marginal benefit of public goods, one needs to

A) sum the consumers' demand curves vertically.
B) sum the consumers' demand curves horizontally.
C) sum the marginal private benefit and the marginal external benefit for each unit.
D) sum the marginal private cost and the marginal external cost for each unit.
E) subtract the individual portion of the tax burden necessary for the government to provide the good from the demand curve of each consumer who desires the good.

Question 2

Which would not increase the productivity of labor?

A) An increase in the size of the labor force
B) An increase in the quality of capital
C) An increase in the quantity of capital
D) An increase in technology
E) An increase in the efficiency of energy