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Author Question: The principal feature of private goods is that A) they cannot be rented or purchased. B) ... (Read 69 times)

sheilaspns

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The principal feature of private goods is that
 
  A) they cannot be rented or purchased.
  B) consumption by one person reduces the quantity available to others.
  C) no one can be excluded from consumption of the product.
  D) externality problems associated with their production are always negative.

Question 2

Refer to the above figure. Given our current level of technology and resources, the unobtainable point(s) of production would be
 
  A) points a and c.
  B) point a.
  C) point b.
  D) point c.



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rnehls

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Answer to Question 1

B

Answer to Question 2

B




sheilaspns

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


blakcmamba

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Reply 3 on: Yesterday
Excellent

 

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