The optimal output of a collective consumption good is found by_____.
A) equaling marginal cost and the vertical summation of all individual's demand curves
B) equaling price and marginal cost
C) equaling marginal cost and the horizontal summation of all individual's demand curves
D) equaling marginal cost and long-run average total cost
Correct Answer:
Verified
Q1: A highway is a public good _.
A)if
Q2: Which of the following is not an
Q3: Public goods have at least one of
Q5: When a collective consumption good become congested
Q6: Lindahl prices for collective consumption goods are
Q7: For a collective consumption good,market demand is
Q8: Which of the following is not true
Q9: If government decides to produce a collective
Q10: The primary advantage of Lindahl pricing is
Q11: The inefficiency for collective consumption goods stems
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