In the above figure, if this natural monopolist were forced to use marginal cost pricing, it would sell the product at the price

Which of the following is an example of a physical capital?

A) A factory B) A worker C) A stock D) A bond

All of the following statements about marginal benefit are correct EXCEPT the marginal benefit of a good

A) is the benefit a person receives from consuming one more unit of the good or service. B) is measured as the maximum amount that a person is willing to pay for one more unit of the good. C) is equal to zero when resource use is efficient. D) decreases as the quantity consumed of the good increases.