Author Question: A good is non-rival in consumption if ________. A) one person's use of the good does not preclude ... (Read 45 times)

Collmarie · **on:** Jun 29, 2018

A good is non-rival in consumption if ________.

A) one person's use of the good does not preclude consumption by others
B) the government can regulate its production
C) people cannot be prevented from using it
D) the demand for the good increases with an increase in the consumer's income

Question 2

The figure above shows the market for college education in the United States. The marginal external benefit associated with educating 14 million students is ________ per student per year.

A) 16,000
B) 13,000
C) 11,000
D) 5,000
E) 7,000