« previous next »

Author Question: Give an example of a public good. Explain what characteristics make this good a public good. What ... (Read 234 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?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ... Good body mechanics for sitting on chair while performing massage. A. Sit with back and head in ...
Vegetable oils are good sources of essential fatty acids Vegetable oils are good sources of essential fatty acids
potatoes as a very good source of vitamin B6 potatoes as a very good source of vitamin B6
Most Canadian seniors rated their health as good to excellent. Most Canadian seniors rated their health as good to excellent.
Characteristics of a protein-coding gene that can be used during annotation Characteristics of a protein-coding gene that can be used during annotation
Common Characteristics of the Inheritance of Autosomal Common Characteristics of the Inheritance of Autosomal
Video: Cardiac conductile cells

For a complete list of videos, visit our video library