A room heater is a ________. A) club good because it is ...

[Themember4]

A room heater is a ________.
 
  A) club good because it is excludable but non-rival in consumption
  B) club good because it is non-excludable but rival in consumption
  C) public good because it is non-excludable and non-rival in consumption
  D) private good because it is excludable and rival in consumption

Question 2

Refer to the scenario above. Which of the following will be true if Alice stops the auction at 30,000?
 
  A) She will earn zero consumer surplus.
  B) She will earn a consumer surplus of 5,000.
  C) She will earn a consumer surplus of 30,000.
  D) She will earn a consumer surplus of 16,000.

[jonathanballen97]

Answer to Question 1

D

Answer to Question 2

A

[Themember4]

Thanks for the timely response, appreciate it

[aliotak]

Gracias!