Homework Answers
Ans. = (Option B) Public Good is Non Rival in Consumption and Non Excludable.
Public Good is both Non Rival in Consumption and Non Excludable because
Non Rival means if public good is consumed by one person this doesn't reduce the availability of this good for others.
Non Excludable means persons which don't pay for public good can't be excluded from its usage.
Both of these are the
characteristics of a Public Good.
_______________________________________
Please UPVOTE if you find this Answer Helpful and Post your Doubts (if any) in the comment section.
Thanks
_______________________________________
Add Answer to:
Question 4 (1 point) Which statement describes a public good? a) It is rival in consumption...
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
7) Free riding can occur if a good is A) nonexcludable and nonrival. B) excludable and...
7) Free riding can occur if a good is A) nonexcludable and nonrival. B) excludable and rival. C) a private good. D) nonexcludable and rival E) excludable and nonrival.
1)Which of the following will result in the most deadweight​ loss? A.a natural monopoly regulated with...
1)Which of the following will result in the most deadweight​ loss? A.a natural monopoly regulated with average cost pricing B.a natural monopoly regulated with average variable cost pricing C.an unregulated natural monopoly D.a natural monopoly regulated with marginal cost pricing 2)A good or service or a resource is nonexcludable if A.it is not possible to prevent someone from benefiting from it. B.it is possible to prevent someone from enjoying its benefits. C.its use by one person decreases the quantity available...
5. Tollway fee is characterized as: a.) Nonrival and excludable b.) Nonrival and nonexcludable c.) Rival...
5. Tollway fee is characterized as: a.) Nonrival and excludable b.) Nonrival and nonexcludable c.) Rival and nonexcludable d.) Rival and excludable
A physical DVD disc is a(n) _____ good, while a streaming video that can be used...
A physical DVD disc is a(n) _____ good, while a streaming video that can be used by multiple paying users is _____. a) excludable; nonexcludable b) nonrival; rival c) nonexcludable; excludable d) rival; nonrival
14. The Illinois Tollway that connects Rockford to Chicago is constantly congested with traffic jams. Motorists...
14. The Illinois Tollway that connects Rockford to Chicago is constantly congested with traffic jams. Motorists must pay a toll fee to use the Tollway. The Tollway is a good that is charac- terized as A. rival in consumption and nonexcludable. B. rival in consumption and excludable. C. nonrival in consumption and nonexcludable. D. rival in consumption and nonexcludable.
50. National defense and cbooks are similar in that both are while ebooks are not. but...
50. National defense and cbooks are similar in that both are while ebooks are not. but they differ in that national defense is A) nonexcludable; nonrival in consumption B) excludable; rival in consumption C) rival in consumption; excludable D) nonrival in consumption; nonexcludable 21. Suppose the government imposes a S9 per unit tax on the production of Good Z. If the demand curve for Good Z is perfectly inelastic and the supply curve is upward-sloping, the price that consumers pay...
69. Which of the following is the best example of a public good? a. Music downloads...
69. Which of the following is the best example of a public good? a. Music downloads b. Designer clothes c. Natural forests d. National defense 70. A street light is a ________. a. common pool resource good b. club good c. private good d. public good 71. A congested street is ________ in consumption. a. non-excludable but rival b. non-excludable and non-rival c. excludable but non-rival d. excludable and rival 72. The free-rider problem exists for goods that are ________....
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....
15. Mason Street is a quiet residential street that is only three blocks long. There is...
15. Mason Street is a quiet residential street that is only three blocks long. There is no toll for driving on Mason Street, and the street gets very little traffic except from the people who live on the street. Mason Street is A. nonrival in consumption and nonexcludable. B. rival in consumption and excludable. C. nonrival in consumption and excludable. D. rival in consumption and nonexcludable.
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
7) Free riding can occur if a good is A) nonexcludable and nonrival. B) excludable and rival. C) a private good. D) nonexcludable and rival E) excludable and nonrival.
14. The Illinois Tollway that connects Rockford to Chicago is constantly congested with traffic jams. Motorists must pay a toll fee to use the Tollway. The Tollway is a good that is charac- terized as A. rival in consumption and nonexcludable. B. rival in consumption and excludable. C. nonrival in consumption and nonexcludable. D. rival in consumption and nonexcludable.
50. National defense and cbooks are similar in that both are while ebooks are not. but they differ in that national defense is A) nonexcludable; nonrival in consumption B) excludable; rival in consumption C) rival in consumption; excludable D) nonrival in consumption; nonexcludable 21. Suppose the government imposes a S9 per unit tax on the production of Good Z. If the demand curve for Good Z is perfectly inelastic and the supply curve is upward-sloping, the price that consumers pay...
15. Mason Street is a quiet residential street that is only three blocks long. There is no toll for driving on Mason Street, and the street gets very little traffic except from the people who live on the street. Mason Street is A. nonrival in consumption and nonexcludable. B. rival in consumption and excludable. C. nonrival in consumption and excludable. D. rival in consumption and nonexcludable.
Most questions answered within 3 hours.
-
Assess the two types of tests of cognitive abilities. (
regarding HR course)
asked 52 seconds ago -
1.Write an inspiring vision statement for an organization where
you work or have worked. If the...
asked 2 minutes ago -
2. Is fair trade coffee sustainable for the mass market,
or is it a niche product...
asked 2 minutes ago -
Please answer this asap in MATLAB.
In the following for loop, the the loop is executed...
asked 15 minutes ago -
A 50.0-g golf ball is driven from the tee with an initial speed
of 44.6 m/s...
asked 9 minutes ago -
Use the molar concentration of the 50 mL solution to calculate
the moles of Cr(III) in...
asked 12 minutes ago -
Calculate the molarity of Fe3+ in solution A.
Solution A: 10 mL of 0.0600 M Fe(No3)3 ...
asked 21 minutes ago -
two dogs pull 2 strings horizontally which are tied to a sleigh.
the angle between the...
asked 21 minutes ago -
please write a paper about any ethical violation based on the
case study Stanford's Prison Experiment....
asked 42 minutes ago -
What is the advantage of considering each of the
following in calculating the work done by...
asked 49 minutes ago -
Write a stored function that takes a number as its input and
returns that number as...
asked 48 minutes ago -
In the laboratory, a general chemistry student measured the pH
of a 0.527 M aqueous solution...
asked 54 minutes ago