« previous next »

Author Question: Give an example of a public good. Explain what characteristics make this good a public good. What ... (Read 116 times)

Coya19@aol.com

  • Hero Member
  • *****
  • Posts: 601
on: Jun 29, 2018
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


reversalruiz

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

Student responses will vary. The student should explain that the good is nonrival and nonexcludable.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Characteristics of the Lophotrochozoa. Characteristics of the Lophotrochozoa.
The paper test involves holding a piece of paper near the tailpipe of an idling engine. A good ... The paper test involves holding a piece of paper near the tailpipe of an idling engine. A good ...
Determining a good table height. Stand facing the table with your hands at your sides. Adjust the ... Determining a good table height. Stand facing the table with your hands at your sides. Adjust the ...
Introducing Public Administration, 8/E Introducing Public Administration, 8/E
What title would chemists give to an orbital characterized by n=8 and 1=4? What title would chemists give to an orbital characterized by n=8 and 1=4?
In 1969 a UC Berkeley group fired a carbon nucleus at a californium target. Give In 1969 a UC Berkeley group fired a carbon nucleus at a californium target. Give
Video: Electrical Conduction System of the Heart

For a complete list of videos, visit our video library