Author Question: If the consumption of Good A by one person does not decrease the quantity of Good A available for ... (Read 84 times)

Ebrown · **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.