Homework Answers
public
goods are goods that are nonexcludable and nonrival in
consumption.
Add Answer to:
What are goods that are nonexcludable and nonrival in consumption? O O public goods private goods...
Question 11 (5 points) The Great Lakes are common resources. public goods. natural monopolies. private goods....
Question 11 (5 points) The Great Lakes are common resources. public goods. natural monopolies. private goods. Question 12 (5 points) A streetlight is a natural monopoly. common resource. public good. private good. Question 13 (5 points) Recause nuhlic goods are o A e a 9 B, X
Perfectly competitive, unregulated markets with no externalities will provide the efficient level of a. public goods...
Perfectly competitive, unregulated markets with no externalities will provide the efficient level of a. public goods b. private goods. c. common property resources. d. none of these goods is efficiently provided in perfectly competitive markets. e. all of these goods are efficiently provided in perfectly competitive markets. f. artificially scarce goods Public goods, such as free radio and national parks, are a. nonexcludable and nonrival. b. The same as private goods but supplied by the government. c. excludable and nonrival....
Question 4 (1 point) Which statement describes a public good? a) It is rival in consumption...
Question 4 (1 point) Which statement describes a public good? a) It is rival in consumption and nonexcludable. b) It is nonrival in consumption and nonexcludable. c) It is nonrival in consumption and excludable. d) It is rival in consumption and excludable.
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...
1)When consumption of a good is nonrival and nonexcludable, the good is a A. mixed good....
1)When consumption of a good is nonrival and nonexcludable, the good is a A. mixed good. B. private good. C. service. D. public good. 2)An externality can be a A.benefit but not a cost. B.cost but not a benefit. C.cost or a benefit. D.marginal cost but not a total cost 3) An externality occurs when A.the marginal social cost of an activity increases as that activity is increased. B.some of the costs of producing a good are paid by someone...
Public fountains are considered a public good (nonrival and nonexcludable). Suppose a town has 1000 habitants,...
Public fountains are considered a public good (nonrival and nonexcludable). Suppose a town has 1000 habitants, which with an identical marginal benefit curve (MB)= 12 – 0.01q, with q in cubic meters. The Marginal Cost of fountains is given by MC = 6000 + 2q. a. Find the volume of fountains provided by the market (qM), assuming there is no cooperation between habitants. b. What is Efficient provision of fountains in the town, q*? c. What is the deadweight loss...
Question 2 (1 point) Which of these is nonexcludable but rival? O a) a public good...
Question 2 (1 point) Which of these is nonexcludable but rival? O a) a public good with exclusion Ob) a pure public good Oc) a pure private good d) a common property resource
Which of the following statements is (are) correct? (x) Both public goods and club goods are...
Which of the following statements is (are) correct? (x) Both public goods and club goods are nonrivalrous in consumption but club goods are excludable and public goods are nonexcludable and both common resources and private goods are rivalrous in consumption but private goods are excludable and common resources are nonexcludable. (y) Ralph owns 10 acres of beautiful wooded land. Ralph donates the land to the state with the understanding that the land will be used as a state park. This...
Exercise #7 (this addresses the idea of public finance) Explain the concepts of Rival, NonRival, Exclusive...
Exercise #7 (this addresses the idea of public finance) Explain the concepts of Rival, NonRival, Exclusive and NonExclusive in regards to Economics. What is the nonexclusive aspect of a public good? Please use the Matrix. Show the relationships between rival goods, nonrival goods, exclusive goods and nonexclusive goods with private goods, public goods, regulated monopoly, and tragedy of the commons. (8 points) Give examples from common social practice or class to illustrate your answer (you must use the concept and...
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....
Question 11 (5 points) The Great Lakes are common resources. public goods. natural monopolies. private goods. Question 12 (5 points) A streetlight is a natural monopoly. common resource. public good. private good. Question 13 (5 points) Recause nuhlic goods are o A e a 9 B, X
Question 4 (1 point) Which statement describes a public good? a) It is rival in consumption and nonexcludable. b) It is nonrival in consumption and nonexcludable. c) It is nonrival in consumption and excludable. d) It is rival in consumption and excludable.
Question 2 (1 point) Which of these is nonexcludable but rival? O a) a public good with exclusion Ob) a pure public good Oc) a pure private good d) a common property resource
Most questions answered within 3 hours.
-
Light of wavelength 425.1 nm falls on two slits spaced 0.31 mm
apart. What is the...
asked 1 minute from now -
Our team is working to build the IT architecture plan for a
semi-custom designer jewelry company....
asked 2 minutes ago -
Question 2 Lean procurement may have a lot of advantages but it
could be difficult to...
asked 2 minutes ago -
Let's assume that measuring the concentration of a pollutant
in a body of water will result...
asked 5 minutes ago -
Bill’s Bakery has current earnings per share of $2.42.
Current book value is $4.20 per share....
asked 24 minutes ago -
The train I take into town charges less to people who ride
between 8:00 am and...
asked 18 minutes ago -
Pizza cost $5 per unit Coke cost $1 per unit You have $17 and
plan to...
asked 25 minutes ago -
D5NS with 40 mg gentamicin IV infuse at 30 mL/h over 30 min q8h.
A volume-control...
asked 25 minutes ago -
To get a declared dividend from a company, what is the last day
that the investor...
asked 27 minutes ago -
A sample of food (1.00 g) was mixed with appropriate amount of
water and titrated using...
asked 41 minutes ago -
Conformers:
list the following substituents in order from most equatorial
position preferring to least: (CH3)3, H,...
asked 42 minutes ago -
Twenty students took a test. The average grade was 86 with a
standard deviation of 9....
asked 52 minutes ago