What does it mean to say that a good is “nonrival”? a. It suffers from congestion...
What does it mean to say that a good is “nonrival”?
a. It suffers from congestion
b. It doesn’t face any competition
c. It has a non-zero price
d. It can be consumed by more than one person at a time
e. Owners can exclude others from consuming it or enjoying its benefits
Homework Answers
Ans. d) It can be consumed by more than one person at a time.
A good that can be consumed or possessed by multiple users is said to be nonrival in nature.
Add Answer to:
What does it mean to say that a good is “nonrival”?
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Question 23 (1 point) Last month, sellers of good Y took in $150 and sold 50...
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1- What did Smith mean by The "prime Cost " of commodity ? please help me...
1- What did Smith mean by The "prime Cost " of commodity ?
please help me ??
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What does the author try to say by:
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ince the case of Karen Quin question of whether it should be made pat lan first seized public atten- legally permissible on the ballot in Cal kin tion fifteen years ago, no ifornia In November 1991 voters in the Kev issue...
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What does it mean when we say that individuals as a group are
net suppliers of funds for financial institutions? What do you
think the consequences might be in financial markets if individuals
consumed more of their incomes and thereby reduced the supply of
funds available to financial institutions?
What does it mean when we say that individuals as a group are
net suppliers of funds for financial institutions? (Select the
best answer below.)
A.
Individuals, as a whole, spend...
Question 23 (1 point) Last month, sellers of good Y took in $150 and sold 50 units of good Y. This month sellers of good Y raised their price, took in $160 and sold 40 units of good Y. At the same time, the price of good X stayed the same, but sales of good X increased from 20 units to 40 units. What can we conclude about goods X and Y? They are substitutes and have a cross-price elasticity...
0.2 pts) Based upon the data what can you say about the mean size of leaves you would expect on trees that are 20 meters away from the road? (explain your reasoning) (k, 2 pts) Based upon the data what can you say about the mean size of leaves you would expect on trees that are 30 meters away from the road? (explain your reasoning) (1.2 pts) Based upon your results above can we conclude that pollution from the road...
1- What did Smith mean by The "prime Cost " of commodity ?
please help me ??
Case Study No. 2 Adam Smith and the Natural Price Adam Smith explained how economic profits and losses in a competitive market cause the entry and exit of firms. Smith described what he called the natural price, or the long-run equilibrium price, in this passage from his 1776 book, An Inquiry into the Nature and Causes of the Wealth of Nations: When the...
What does the author try to say by:
“My primary aim, however, is not to argue for euthanasia, but
to identify confusions in some common arguments, and problematic
assumptions and claims that need more defense or data in
others.”
ince the case of Karen Quin question of whether it should be made pat lan first seized public atten- legally permissible on the ballot in Cal kin tion fifteen years ago, no ifornia In November 1991 voters in the Kev issue...
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