Please answer all of the questions

1) A public good is described, in part, as a good

A) that has a marginal cost at or near zero.

B) that is essential to life.

C) which has all of these characteristics.

D) that may be depleted if demand is heavy.

2) The optimal output of a public good occurs where

A) the marginal benefit of the consumer who values the good most should equal the marginal cost of the good.

B) the sum of the marginal benefit of each consumer at a given output equals the marginal cost of the good.

C) the total cost of the good equals the cumulated benefits of all consumers.

D) the horizontal sum of the consumer benefits of the good should equal the marginal cost of producing the good.

3) Which is not a good method of providing public type goods by private means?

A) Private contracts

B) Clubs

C) Free markets with competing entrepreneurs

C) Funding by donation

Please answer all of the questions

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