For each of the following items, decide first if the good is rival or non-rival and...
For each of the following items, decide first if the good is rival or non-rival and then whether it is excludable or non-excludable.
1. Apples
2. Cable television
3. Farm-raised salmon
4. Yosemite National Park
Homework Answers
| Rival | Non-rival | Excludable | Non-excludable | |
| 1. APPLES | YES, because consumption by one person reduces the quantity available for consumption to other person. | YES , because consumption by one excludes others from consuming the same. | ||
| 2. CABLE TELEVISION | YES because seeing TV by one person doesn't reduces its consumtpion by other person. | YES because the person who pay for the cable TV can limit the number of people who can see it. | ||
| 3. FARM-RAISED SALMON | YES | YES | ||
| 4. YOSEMITE NATIONAL PARK | YES because seeing and enjoying in the park by one doesn't reduce its consumption for other. | YES because park has toll gates and is able to deny access to someone who doesn't pay for it. |
Apple and farm-raised salmon are private goods.
Cable televison and Yosemite national park are non-private goods .(can say club goods).
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