Homework Clinic
Social Science Clinic => Economics => Topic started by: Coya19@aol.com on Jun 29, 2018
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Give an example of a public good. Explain what characteristics make this good a public good.
What will be an ideal response?
Question 2
Refer to Figure 4-3. What area represents producer surplus at the equilibrium price of P1?
A) D + E B) D + E + G + H C) A + B + C + D + E D) A + B + D
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Answer to Question 1
Student responses will vary. The student should explain that the good is nonrival and nonexcludable.
Answer to Question 2
A