This topic contains a solution. Click here to go to the answer

Author Question: If the consumption of Good A by one person does not decrease the quantity of Good A available for ... (Read 82 times)

Ebrown

  • Hero Member
  • *****
  • Posts: 567
If the consumption of Good A by one person does not decrease the quantity of Good A available for another person's consumption, then the good is said to be
 
  A) nonrival.
  B) rival.
  C) nonexcludable.
  D) excludable.

Question 2

In the above figure, at the efficient quantity of CDs
 
  A) total consumer surplus is zero.
  B) total producer surplus is zero.
  C) the sum of consumer surplus and producer surplus is maximized.
  D) Both answers A and B are correct.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

leeeep

  • Sr. Member
  • ****
  • Posts: 315
Answer to Question 1

A

Answer to Question 2

C




Ebrown

  • Member
  • Posts: 567
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


dantucker

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

For a complete list of videos, visit our video library