What is a nonrival good? Give an example. What will be an ...

[RODY.ELKHALIL]

What is a nonrival good? Give an example.
 
  What will be an ideal response?

Question 2

Sam consumes only sandwiches and soda and maximizes his total utility. Suppose that the price of a sandwich falls. At the new consumer equilibrium, Sam substitutes ________ for ________.
 
  Sam's marginal utility from soda ________ and his marginal utility per dollar spent on sandwiches ________. A) sandwiches; soda; increases; increases
  B) soda; sandwiches; decreases; increases
  C) sandwiches; soda; increases; decreases
  D) soda; sandwiches; stays the same; stays the same

[juliaf]

Answer to Question 1

A good is nonrival if its use by one person does not decrease the quantity available for someone else. An example of a nonrival good is the Internet.

Answer to Question 2

A

[RODY.ELKHALIL]

Thanks for the timely response, appreciate it

[xiazhe]

TYSM