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Author Question: Private goods are those goods A) that violate the principle of rival consumption. B) for which ... (Read 69 times)

burchfield96

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on: Jun 29, 2018
Private goods are those goods
 
  A) that violate the principle of rival consumption.
  B) for which no public market exists.
  C) that can only be consumed by one individual at a time.
  D) to which the non-exclusion principle applies.

Question 2

Refer to the above figure. A unit tax has been placed on the good. What is the total amount of the tax?
 
  A) 0
  B) P2 - P0
  C) P2 - P1
  D) P1 - P0


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shaquita

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

C

Answer to Question 2

B


burchfield96

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Reply 2 on: Jun 29, 2018
:D TYSM

carojassy25

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Reply 3 on: Yesterday
Excellent

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