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31 Oct 2020
15. Suppose that the marginal benefit from another unit of a public good exceeds the marginal cost of producing it. Then
a. more of the product should be produced because its provision is less than the efficient level.
b. the net benefit from the product is at its maximum, but the provision of the product is not at its efficient level.
c. less of the product should be produced because its provision exceeds the efficient level.
d. the net benefit from the product is at its maximum, and its provision is at an efficient level.
15. Suppose that the marginal benefit from another unit of a public good exceeds the marginal cost of producing it. Then
a. more of the product should be produced because its provision is less than the efficient level.
b. the net benefit from the product is at its maximum, but the provision of the product is not at its efficient level.
c. less of the product should be produced because its provision exceeds the efficient level.
d. the net benefit from the product is at its maximum, and its provision is at an efficient level.
Raushan RajLv8
31 Oct 2020
