This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A room heater is a ________. A) club good because it is excludable but non-rival in consumption ... (Read 392 times)

Themember4

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
A room heater is a ________.
 
  A) club good because it is excludable but non-rival in consumption
  B) club good because it is non-excludable but rival in consumption
  C) public good because it is non-excludable and non-rival in consumption
  D) private good because it is excludable and rival in consumption

Question 2

Refer to the scenario above. Which of the following will be true if Alice stops the auction at 30,000?
 
  A) She will earn zero consumer surplus.
  B) She will earn a consumer surplus of 5,000.
  C) She will earn a consumer surplus of 30,000.
  D) She will earn a consumer surplus of 16,000.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jonathanballen97

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


Themember4

  • Member
  • Posts: 538
Reply 2 on: Jun 29, 2018
Wow, this really help

mammy1697

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Compared to a chimpanzee, the human newborn has relatively little room to spare as it passes through Compared to a chimpanzee, the human newborn has relatively little room to spare as it passes through
A physician uses a portable electronic tablet to enter patient data while in the examination room. A physician uses a portable electronic tablet to enter patient data while in the examination room.
A typical good oxygen sensor waveform as displayed on a digital storage oscilloscope. Look for ... A typical good oxygen sensor waveform as displayed on a digital storage oscilloscope. Look for ...
Good contact feels full, confident, and deliberate and establishes a warm connection between massage ... Good contact feels full, confident, and deliberate and establishes a warm connection between massage ...
Wash all surfaces in a massage room daily, including the massage table. Wash all surfaces in a massage room daily, including the massage table.
Dried fruits are good source of sulfur Dried fruits are good source of sulfur
Video: Studying the Left and Right Brain Independently

For a complete list of videos, visit our video library