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The optimal output of a public good occurs where A. The total cost of the good equals the cumulated benefits of all consumers B. The sum of the marginal benefit of each consumer at a given output equals the marginal cost of the good C. The marginal benefit of the consumer who values the good most should equal the marginal cost of the good D. The horizontal sum of the consumer benefits of the good should equal the marginal cost of producing the good

Sagot :

gauravsingh23VT

The optimal output of a public good occurs where The marginal benefit of the consumer who values the good most should equal the marginal cost of the good.

What is the meaning of marginal benefits?

The marginal benefit is the maximum amount of money a customer is willing to pay for a new product or service. With more consumption, consumer satisfaction tends to decline.

For example, if a customer is prepared to spend $5 for ice cream, the ice cream's marginal benefit is $5.

Thus, option C is correct.

For more details about marginal benefits click here

https://brainly.com/question/19091725

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