Author Question: A good or service or a resource is nonrival if A) it is possible to prevent someone from enjoying ... (Read 131 times)

lilldybug07

  • Hero Member
  • *****
  • Posts: 546
A good or service or a resource is nonrival if
 
  A) it is possible to prevent someone from enjoying its benefits.
  B) it is not possible to prevent someone from enjoying its benefits.
  C) its use by one person decreases the quantity available for someone else.
  D) its use by one person does not decrease the quantity available for someone else.

Question 2

Sue's Surfboards is the sole renter of surfboards on Big Wave Island. If marginal revenue is positive at the number of surfboard rentals made each hour, then Sue's Surfboards
 
  A) must face an elastic demand for surfboard rentals.
  B) must face an inelastic demand for surfboard rentals.
  C) can increase its total revenue by increasing the price of rentals.
  D) must face a unit elastic demand for surfboard rentals.



Hikerman221

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

The human body produces and destroys 15 million blood cells every second.

For a complete list of videos, visit our video library