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Author Question: If the consumption of Good A by one person does not decrease the quantity of Good A available for ... (Read 92 times)

Ebrown

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on: Jun 29, 2018
If the consumption of Good A by one person does not decrease the quantity of Good A available for another person's consumption, then the good is said to be
 
  A) nonrival.
  B) rival.
  C) nonexcludable.
  D) excludable.

Question 2

In the above figure, at the efficient quantity of CDs
 
  A) total consumer surplus is zero.
  B) total producer surplus is zero.
  C) the sum of consumer surplus and producer surplus is maximized.
  D) Both answers A and B are correct.


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leeeep

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

A

Answer to Question 2

C


Ebrown

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

Dominic

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Reply 3 on: Yesterday
Wow, this really help

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