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Author Question: Consider an ordinary rivalrous good, provided in a competitive market. At the socially optimal level ... (Read 79 times)

nods

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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
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Marked as best answer by nods on Oct 12, 2022

dsfhkjdfaskjfdsjk

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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.
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nods

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

flexer1n1

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Reply 3 on: Yesterday
Wow, this really help

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