« previous next »

Author Question: Give an example of a public good. Explain what characteristics make this good a public good. What ... (Read 245 times)

Coya19@aol.com

  • Hero Member
  • *****
  • Posts: 601
on: Jun 29, 2018
Give an example of a public good. Explain what characteristics make this good a public good.
 
  What will be an ideal response?

Question 2

Refer to Figure 4-3. What area represents producer surplus at the equilibrium price of P1?
 
  A) D + E B) D + E + G + H C) A + B + C + D + E D) A + B + D


reversalruiz

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 29, 2018
Answer to Question 1

Student responses will vary. The student should explain that the good is nonrival and nonexcludable.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Injecting an IV push (bolus) medication; C, another type of needleless syringe and needleless IV acc Injecting an IV push (bolus) medication; C, another type of needleless syringe and needleless IV acc
Characteristics of Muscle Fibers Characteristics of Muscle Fibers
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
When teenagers live in single-parent homes, a good relationship with grandparents is related to ... When teenagers live in single-parent homes, a good relationship with grandparents is related to ...
How to make pancakes How to make pancakes
Characteristics of Various Depths of Burns Characteristics of Various Depths of Burns
Video: The 4 steps of translation Animation

For a complete list of videos, visit our video library