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.
Excludable means not open for everyone and sometimes based on first come first serve basis.
Rival means it is having competitors.
Here also a vacation home in Malibu will have Rival and excludable consumption because it is having rival from its competitors like different vacation homes and it will be excludable also because suppose it is having limited rooms.
It will work on First Come First serve basis
So the answer is option B.
A vacation home in Malibu is Select one: a. not rival in consumption and excludable. b....
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
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.
5. Tollway fee is characterized as: a.) Nonrival and excludable b.) Nonrival and nonexcludable c.) Rival and nonexcludable d.) Rival and excludable
A(n) is excludable and rival in consumption. artificially scarce good O private good O common resource O public good
IPLE CHOICE. Choose the one alternative that be 1) When a good is rival and excludable, it is a A) natural monopoly. B) public good. C) private good. D) common resource. E) regulated 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) 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.
6. Which of the following is an example of market failure? a. Excludable and rival goods b. Low prices c. Excess supply d. None of the above. 7. Which of the following is a climate mitigation policy? a. Cap and trade system to reduce emissions b. Change infrastructure Standards c. Changes in zoning laws and new development policies d. All of the above. a. 8. Which paradigm places highest value on the present. Discounted Utilitarianism b. Rawlsian Intergenerational Equity Green...
a) Explain what is meant by the terms “non-excludable” and “non-rival”. b) Why does this result in a public good being under-provided by the market? (detailed explanation) Your answer will be marked according to the following categories. PART A PART B Clarity of Exposition Grammar
23. Suppose the Environmental Protection Agency (LRT mental Protection Agency (EPA) wants to mandate that all methane emissions must be reduced to zero in order to alleviate global warming in the United States. Which of the following describes why most economists would disagree with this policy a. The environment is not worth protecting b. Reducing methane emissions is desirable, but whatever level of pollution firms decide to emit privately is already efficient c. The opportunity cost of zero pollution is...