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Author Question: An efficient level of provision of a public good is achieved when (Read 94 times)

sbegs

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on: Oct 12, 2022
An efficient level of provision of a public good is achieved when
◦ the valuation of each consumer for the last unit of the good produced is zero.
◦ voters are satisfied that an adequate amount of the good is being produced.
◦ the cost of providing an extra unit of the good is equal to the price of the good.
◦ the cost of providing an extra unit of the good is equal to the sum of the valuations of all consumers for that unit.
◦ the cost of providing an extra unit of the good is equal to the valuation of each consumer of the extra unit.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by sbegs on Oct 12, 2022

khudija

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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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sbegs

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Reply 2 on: Oct 12, 2022
Wow, this really help

Joy Chen

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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