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Author Question: A room heater is a ________. A) club good because it is excludable but non-rival in consumption ... (Read 394 times)

Themember4

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on: Jun 29, 2018
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.


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jonathanballen97

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


Themember4

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

nanny

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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