What is your understanding of pure public goods to the point where you can identify such...
What is your understanding of pure public goods to the point where you can identify such a good easily?
Homework Answers
Public goods are those good which are non Rival and non excludable in nature
Non rival means having no competition with other firms and main motto is not to earn profit
Non excludable means open for others without any discrimination
The best example of public goods can be a public Park
Opposite of public goods are private goods
They are totally Rival and excludable as well
It is for all type of activities like playing ,entertainment ,jogging ,exercise etc
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What is your understanding of pure public goods to the point
where you can identify such...
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1. A pure public good is: a. one that can easily be sold by the unit....
1. A pure public good is: a. one that can easily be sold by the unit. b. one that is nonrival in consumption. c. one whose benefits are not subject to exclusion. d. both (b) and (c) 2. The marginal cost of providing a certain quantity of a pure public good to an additional consumer after it is provided to any one consumer is: a. zero. b. positive and increasing. c. positive and decreasing. d. positive and constant. 3. The...
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Question 14 (1 point) Which of these is a pure public good? a) 1-95 b) flu shots c) a public park d) environmental protection Question 15 (1 point) If an unregulated industry generates pollution, the market price is than the socially optimal price, and the market quantity is than the socially optimal quantity. a) greater; greater b) less; greater c) less; less d) greater; less
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3. Can you identify three places in a typical fluid power circuit where you might put a filter? Can you name one good feature and one bad feature of each location?
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