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

Author Question: Consider an ordinary rivalrous good, provided in a competitive market. At the socially optimal level ... (Read 70 times)

nods

  • Full Member
  • ***
  • Posts: 141
on: Oct 12, 2022

Question 1

Which of the following is an example of a rivalrous good?
◦ a visit to the dentist
◦ the weather forecast
◦ an uncrowded beach
◦ toxic emissions from a factory smokestack
◦ an empty toll highway

Question 2

Consider an ordinary rivalrous good, provided in a competitive market. At the socially optimal level of provision of this good, the marginal
◦ cost of production of this good is zero.
◦ sacrifice society needs to make to supply the last unit of the good is more than each consumer's marginal willingness to pay.
◦ cost of production of the last unit of the good is more than all consumers' combined marginal willingness to pay.
◦ cost of production of the last unit of the good is equal to the consumers' marginal willingness to pay.
◦ cost of production of the last unit of the good is equal to all consumers' combined marginal willingness to pay.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by nods on Oct 12, 2022

dsfhkjdfaskjfdsjk

  • Full Member
  • ***
  • Posts: 160
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 35% of students answer this correctly


nods

  • Member
  • Posts: 141
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Confirming an Extinction-Level Impact Site Confirming an Extinction-Level Impact Site
(Left panel) The transition level (TL) for moving out of the parental home for 240 young men and ... (Left panel) The transition level (TL) for moving out of the parental home for 240 young men and ...
A weather map depicting the sea-level pressure distribution for March 4, 1994. A weather map depicting the sea-level pressure distribution for March 4, 1994.
Surface Fronts and Upper-Level Patterns: Cold Fronts and the Formation of Upper-Level Troughs Surface Fronts and Upper-Level Patterns: Cold Fronts and the Formation of Upper-Level Troughs
A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water. A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water.
Good body mechanics when facing the head or foot of the table. A. Head and back in alignment. B. ... Good body mechanics when facing the head or foot of the table. A. Head and back in alignment. B. ...
Video: The primary factors that affect circulation - MABP, CO and SVR

For a complete list of videos, visit our video library