Which two types of gods are rival in consumption?
Homework Answers
The substitute goods are rival in consumption, for example the coffee and tea are rival in consumption people will consume only one of them and if the demand for a good rises the demand for the other will fall down. So, its the substitute goods that are rival i consumption.
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.
A vacation home in Malibu is Select one: a. not rival in consumption and excludable. b....
A vacation home in Malibu is Select one: a. not rival in consumption and excludable. b. rival in consumption and excludable. c. not rival in consumption and not excludable. d. rival in consumption and not excludable.
which of the following pairs of goods includes a good that is excludable and rival in...
which of the following pairs of goods includes a good that is excludable and rival in consumption as well as a good that is not excludable and not rival in consumption? "tablet computer, gym membership at a gym that always has plenty of open equipment and classes". "tablet computer, national defense". "congested nontoll road, national defense". "online music subscription, streetlight".
Indicate whether each of the following goods is excludable and/or rival in consumption • A car...
Indicate whether each of the following goods is excludable and/or rival in consumption • A car is • and is therefore a • Unpolluted air is • and is therefore a • Encrypted satellite TV broadcast is • and is therefore a Check
A(n) is excludable and rival in consumption. artificially scarce good O private good O common resource...
A(n) is excludable and rival in consumption. artificially scarce good O private good O common resource O public good
Question 201 pts Which of the following best describes the consumption of a non-rival good? Group...
Question 201 pts Which of the following best describes the consumption of a non-rival good? Group of answer choices A consumer may obtain the good without preventing simultaneous consumption by another consumer A consumer may obtain the good with the consent of the provider A consumer may obtain the good without payment Flag this Question Question 211 pts Although a lack of information can cause a market to fail, why might some market participants withhold information from others? Group of...
d. geither rival in consumption nor excludable. Figure 6-13 This figure shows the market demand and...
d. geither rival in consumption nor excludable. Figure 6-13 This figure shows the market demand and market supply curves for good X. rice 10 5 10 13 20 25 30 33 40 a 14. Refer to Figure 6-13. Which of the following price cealings would be binding in this market? a. $4 b. $5 c. $6 d. $7 s. When a tax is placed on the sellers of energy drinks, the
7. Suppose that there are two types of consumers: borrowers and savers. Consumption function of borrowers:...
7. Suppose that there are two types of consumers: borrowers and savers. Consumption function of borrowers: Cborrower = 1,000+ 0.8Y) Consumption function of savers: Csaver = 1,000+ 0.6YD Assume that 50% of the population is borrower and 50% of the population is saver. a. Calculate the consumption function in this economy by aggregating the consumption functions with population weights. What is the marginal propensity to consume in this economy? b. Suppose that G = T = I = 200. Calculate...
Consumption Ratios Larsen, Inc., produces two types of electronic parts and has provided the following data:...
Consumption Ratios Larsen, Inc., produces two types of electronic parts and has provided the following data: Part X12 Part YK7 Total Units produced 100,000 600,000 — Direct labor hours 40,000 60,000 100,000 Machine hours 49,000 301,000 350,000 Number of setups 36 84 120 Testing hours 1,200 8,800 10,000 Number of purchase orders 600 3,400 4,000 There are four activities: machining, setting up, testing, and purchasing. Required: 1. Calculate the activity consumption ratios for each product. Round your answers to two...
Microsoft and a smaller rival often have to select from one of two competing technologies, A...
Microsoft and a smaller rival often have to select from one of two competing technologies, A and 8. The rival always prefers to select the same compatibility is important), while Microsoft always wants to select a different technology from its rival. If the two companies select different technologies, Microsoft's payoff is 6 units of utility select the same technology, Microsot suffers a loss of utilty of 3 while the rival gains 3 units of utility while the small rival suffers...
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.
Indicate whether each of the following goods is excludable and/or rival in consumption • A car is • and is therefore a • Unpolluted air is • and is therefore a • Encrypted satellite TV broadcast is • and is therefore a Check
A(n) is excludable and rival in consumption. artificially scarce good O private good O common resource O public good
d. geither rival in consumption nor excludable. Figure 6-13 This figure shows the market demand and market supply curves for good X. rice 10 5 10 13 20 25 30 33 40 a 14. Refer to Figure 6-13. Which of the following price cealings would be binding in this market? a. $4 b. $5 c. $6 d. $7 s. When a tax is placed on the sellers of energy drinks, the
7. Suppose that there are two types of consumers: borrowers and savers. Consumption function of borrowers: Cborrower = 1,000+ 0.8Y) Consumption function of savers: Csaver = 1,000+ 0.6YD Assume that 50% of the population is borrower and 50% of the population is saver. a. Calculate the consumption function in this economy by aggregating the consumption functions with population weights. What is the marginal propensity to consume in this economy? b. Suppose that G = T = I = 200. Calculate...
Microsoft and a smaller rival often have to select from one of two competing technologies, A and 8. The rival always prefers to select the same compatibility is important), while Microsoft always wants to select a different technology from its rival. If the two companies select different technologies, Microsoft's payoff is 6 units of utility select the same technology, Microsot suffers a loss of utilty of 3 while the rival gains 3 units of utility while the small rival suffers...
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