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Author Question: A private good is A) a good that is rival and excludable. B) a good that is rival and ... (Read 109 times)

tfester

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on: Jun 29, 2018
A private good is
 
  A) a good that is rival and excludable. B) a good that is rival and nonexcludable.
  C) a good that is nonrival and excludable. D) a good that is nonrival and nonexcludable.

Question 2

The demand for most farm products is relatively inelastic. All else constant, what is the effect on farm revenues as a result of the introduction of new and better farm equipment which increases productivity?
 
  A) Farm revenues could increase or decrease depending on the cost of this new equipment.
  B) Farm revenues remain constant because consumers will not increase their consumption of farm products by much.
  C) Farm revenues increase.
  D) Farm revenues decrease.
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Liamb2179

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tfester

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

bitingbit

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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