Economy, asked by lovepreetkalsi2804, 11 months ago

Write down the definition of Marginal Cost given by ""Samuelson""?

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Answered by shanaya99080
1

Answer:

The sum of the marginal benefits represent the aggregate willingness to pay or aggregate demand. The marginal cost is, under competitive market conditions, the supply for public goods. Hence the Samuelson condition can be thought of as a generalization of supply and demand concepts from private to public goods.

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