Author Question: Private goods are those for which consumption is A) rival and excludable. B) rival and ... (Read 148 times)

CQXA · **on:** Jun 29, 2018

Private goods are those for which consumption is

A) rival and excludable.
B) rival and nonexcludable.
C) nonrival and excludable.
D) nonrival and nonexcludable.

Question 2

The figure above shows the market for coffee. When the efficient quantity of coffee is produced, the marginal social benefit from the last pound is

A) 1.00.
B) 2.50.
C) 3.00.
D) 4.00.