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10 February, 04:02

In producing the efficient amount of a public good, government should take into account: Multiple Choice the vertical sum of all individual inverse demand curves. only the demand from low-demand consumers. the horizontal sum of all individual inverse demand curves. only the demand from high-demand consumers.

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  1. 10 February, 04:29
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    the vertical sum of all individual inverse demand curves.

    Answer: Option A.

    Explanation:

    The vertical summation of individual demand curves for public goods additionally gives the total ability to pay for a given amount of the good produced by the government.

    This is rather the opposite of the the total demand curve for a private goods which are produced by the private producers, which is the level aggregate of the individual interest bends at each cost.
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