Homework Answers
Since the usage of the good is non rivalrous, the good is a public good. The correct option is e.
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One night only when traffic on the Hvalfjörður Tunnel is almost there is no one decided...
In the valley a few rivers beautiful on which is allowed to fish for a fee. Which of the following is correct? Choose o...
In the valley a few rivers beautiful on which is allowed to fish for a fee. Which of the following is correct? Choose one: a. The fishing licenses are stress goods. b. The fishing licenses are private good. c. Fishing permits are public quality (good quality, public good). d. The fishing licenses are a common resource. e. The fishing licenses are a natural monopoly.
IPLE CHOICE. Choose the one alternative that be 1) When a good is rival and excludable,...
IPLE CHOICE. Choose the one alternative that be 1) When a good is rival and excludable, it is a A) natural monopoly. B) public good. C) private good. D) common resource. E) regulated good.
1. If you can prevent someone from consuming a good, that good is called A. nonrival....
1. If you can prevent someone from consuming a good, that good is called A. nonrival. B. rival. C. excludable. D. a public good. E. nonexcludable. 2. To hunters, deer in the woods are an example of a A. private good. B. natural monopoly. C. public good. D. common resource. E. public resource. 3. _________ are public goods. If bureaucrats want to ensure the efficient quantity is produced, _______. A. Factories; marginal social cost must be greater than marginal cost....
When a corporation issues only one class of shares they are: a. Private shares. b. Public...
When a corporation issues only one class of shares they are: a. Private shares. b. Public shares. c. Common shares. d. Special shares. e. Preferred shares.
estion 4 A natural monopoly exists when yet swered ints out of Select one: c a...
estion 4 A natural monopoly exists when yet swered ints out of Select one: c a . there are no close substitutes for a firm's product. O Flag jestion O C b. a monopolist produces a product, the main component of which is a natural resource. . a firm is the exclusive owner of a key resource necessary to produce the firm's product. d. economies of scale are so large that only one firm can survive and achieve low unit...
Which of the following goods would be considered a common resource? A. a rural road because...
Which of the following goods would be considered a common resource? A. a rural road because it is nonrivalrous and nonexcludable B. bottled natural mineral water because it is excludable and rivalrous C. a congested public park because it is rivalrous and nonexcludable D. All of the above E. A and B, only Market failure occurs with common resources because A. consumption can be privately profitable even when it is socially undesirable. B. when one person uses it other people...
Which of the following statements is (are) correct? (x) A good is nonexcludable if it is prohibitively costl...
Which of the following statements is (are) correct? (x) A good is nonexcludable if it is prohibitively costly to prevent people from using it. (y) When a good is rivalrous in consumption, it means that one person’s use of the good will not diminish another person’s ability to use it, and, as a consequence, more than one person can use the good at the same time. (z) A shirt would be considered a private good because it is excludable and...
2. The free-rider problem is that a. everyone has the incentive to let others pay the...
2. The free-rider problem is that a. everyone has the incentive to let others pay the costs of providing public goods. b. criminals commit crimes in order to get free room and board in jail. c. if you don't pay for something, you don't value it. d. elected officials attach all kinds of special-interest provisions to spending bills. 4. Which of the following would be the best example of a monopolistically competitive firm? a. sugar farmer. b. railway transportation. c....
ID: A 9. When a monopolist is able to sell its product at different prices, it...
ID: A 9. When a monopolist is able to sell its product at different prices, it is engaging in a quality adjusted pricing. b. price differentiation. c. price discrimination. d. distribution pricing. 10. A natural monopoly occurs when a. the product is sold in its natural state (such as water or diamonds). b. there are economies of scale over the relevant range of output. c. the firm is characterized by a rising marginal cost curve. d. production requires the use...
A perfectly competitive firm will produce: O only when it earns profits in the short run....
A perfectly competitive firm will produce: O only when it earns profits in the short run. O mostly in the long run and only if price is greater than AFC. O whenever it can O with a loss in the short run if its price is greater than AVC but less than ATC. An artificially scarce good is similar to a public good in that it is , but it is also similar to a private good in that it...
In the valley a few rivers beautiful on which is allowed to fish for a fee. Which of the following is correct? Choose one: a. The fishing licenses are stress goods. b. The fishing licenses are private good. c. Fishing permits are public quality (good quality, public good). d. The fishing licenses are a common resource. e. The fishing licenses are a natural monopoly.
IPLE CHOICE. Choose the one alternative that be 1) When a good is rival and excludable, it is a A) natural monopoly. B) public good. C) private good. D) common resource. E) regulated good.
estion 4 A natural monopoly exists when yet swered ints out of Select one: c a . there are no close substitutes for a firm's product. O Flag jestion O C b. a monopolist produces a product, the main component of which is a natural resource. . a firm is the exclusive owner of a key resource necessary to produce the firm's product. d. economies of scale are so large that only one firm can survive and achieve low unit...
ID: A 9. When a monopolist is able to sell its product at different prices, it is engaging in a quality adjusted pricing. b. price differentiation. c. price discrimination. d. distribution pricing. 10. A natural monopoly occurs when a. the product is sold in its natural state (such as water or diamonds). b. there are economies of scale over the relevant range of output. c. the firm is characterized by a rising marginal cost curve. d. production requires the use...
A perfectly competitive firm will produce: O only when it earns profits in the short run. O mostly in the long run and only if price is greater than AFC. O whenever it can O with a loss in the short run if its price is greater than AVC but less than ATC. An artificially scarce good is similar to a public good in that it is , but it is also similar to a private good in that it...
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