The efficient quantity of a public good occurs when the marginal cost of providing that good equals the sum of the marginal benefits to all individuals
What will be an ideal response?
True. The demand for the public good is found by vertically summing so that we have the sum of the marginal benefits at each quantity.
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The symmetry principle in economics means that
A) all individuals must have similar outcomes. B) all similar individuals must be treated similarly. C) individuals must have opposite outcomes. D) similar individuals must have similar outcomes.
Upon graduation, you are offered three jobs
Company Salary Bonus Probability of Receiving Bonus Samsa Exterminators 100,000 20,000 .90 Gradgrind Tech 100,000 30,000 .70 Goblin Fruits 115,000 -------- ------- Rank the three job offers in terms of expected income, from the highest to the lowest. A) Samsa Exterminators, Gradgrind Tech, Goblin Fruits B) Samsa Exterminators, Goblin Fruits, Gradgrind Tech C) Gradgrind Tech, Samsa Exterminators, Goblin Fruits D) Gradgrind Tech, Goblin Fruits, Samsa Exterminators E) Goblin Fruits, Samsa Exterminators, Gradgrind Tech