Top Posters
Since Sunday
g
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
s
2
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
melinoma86 melinoma86
wrote...
Go to Answer
Posts: 386
Rep: 0 0
4 years ago

Question 1.

The optimal level of provision of public goods is where societyʹs total willingness to pay per unit is equal to the



▸ total cost of producing the good.

▸ average cost of producing the good.

▸ variable cost of producing the good.

▸ marginal cost of producing the good.

Question 2.

If the marginal cost of producing a public good is greater than society's total willingness to pay per unit, then



▸ the optimal amount of the public good is being produced.

▸ less than the optimal amount of the public good is being produced.

▸ more than the optimal amount of the public good is being produced.

▸ the amount of output being produced could be either greater than or less than the optimal amount.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 102 times
1 Reply
Replies
Answer verified by a subject expert
vande746vande746
wrote...
#1
Posts: 383
Rep: 40 0
4 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

melinoma86 Author
wrote...

4 years ago
Thanks
shelbycox
wrote...

Yesterday
Smart ... Thanks!
my2redeyes
wrote...

2 hours ago
Just got PERFECT on my quiz
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  796 People Browsing
 131 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 279
  
 1641
  
 554
Your Opinion
Do you believe in global warming?
Votes: 370
Previous poll results: What's your favorite coffee beverage?