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Author Question: What does it mean for a good to be nonexcludable? What will be an ideal ... (Read 15 times)

jho37

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on: Jun 29, 2018
What does it mean for a good to be nonexcludable?
 
  What will be an ideal response?

Question 2

A Big Mac costs 4.79 in the United States and 9.6 zlotys in Poland. If the exchange rate is 3 zlotys per dollar, what is the dollar cost of a Big Mac in Poland?
 
  A) 1.60 B) 2.00 C) 3.20 D) 4.64


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carojassy25

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

A good is nonexcludable if no one can be excluded from enjoying its benefits once it is produced.

Answer to Question 2

C


jho37

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

ktidd

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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