Classify each of the following goods using these terms: nonrival, nonexcludable, private good, public good, and common
Question:
a. Hamburger
b. Lighthouse
c. Flood control
d. Swimming pool
e. Park
f. Broadcast television
g. Cellular telephone service
h. Computer software
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (12 reviews)
a Private good excludable rival b Public good nonexcludab...View the full answer
Answered By
Rukhsar Ansari
I am professional Chartered accountant and hold Master degree in commerce. Number crunching is my favorite thing. I have teaching experience of various subjects both online and offline. I am online tutor on various online platform.
5.00+
4+ Reviews
17+ Question Solved
Related Book For
Microeconomics
ISBN: 9781464146978
1st Edition
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
Question Posted:
Students also viewed these Economics questions
-
Classify each of the following goods as a private good, a public good, or a mixed good and say whether it creates an external benefit, external cost, or neither. Chewing gum The Santa Monica...
-
Classify each of the following government expenditures as either a transfer payment or a purchase of goods and services. Which ones clearly tend to decrease the inequaliry of income distribution? a....
-
Classify each of the following accounts as either a real account (R) or a nominal account (N): 1. Cash 2. Sales Revenue 3. Accounts Receivable 4. Cost of Goods Sold 5. Prepaid Insurance 6. Capital...
-
A red laser ( lambda r = 6 3 3 nm ) is shone through a narrow slit located 2 m from a screen. When the light source is replaced by a blue laser ( b = 4 8 8 nm ) the position of the first minimum of...
-
Recently a financial newspaper reported the following spot and forward rates for the Japanese yen () Spot: .......... $0.007556/ (132.34/$) 1-month: ....... $0.007568/ (132.14/$) 3-month: ..........
-
Suppose X1 is a numerical variable and X2 is a dummy variable and the regression equation for a sample of n = 20 is a. Interpret the regression coefficient associated with variable X1. b. Interpret...
-
After a series of large project disasters, what country is requiring people to complete a new academic program in project management before leading a large government project? a. Australia b. U.K. c....
-
At Nunez Company, checks are not prenumbered because both the purchasing agent and the treasurer are authorized to issue checks. Each signer has access to unissued checks kept in an unlocked file...
-
Please DON'T answer if you can't answer all 1. Show in steps how the Flash ADC Works? Explain the advantages and disadvantages of the Flash A/C converter? 2. You are asked to design 4-bit flash ADC....
-
Complete the following practice exercise by recording your responses on the spreadsheet template. On July 1, three partners, H. Jones, Y. Read, and T. Kent, decided to start up a partnership by...
-
Two dairy farmers, Ben and Jerry, share a common pasture. Each has a choice of grazing 1 or 2 cows on the pasture. If 2 cows graze on the pasture, each will give 1,000 gallons of milk each year,...
-
Using the appropriate terminology, explain why public radio stations, which rely on contributions from listeners, always seem to be in financial jeopardy.
-
Obligations that will have to be paid within the current year are classified as a. fixed assets. b. accrued expenses. c. current liability. d. long-term debt.
-
The following post-closing trial balance was drawn from the accounts of Spruce Timber Co. as of December 31, 2011. Transactions for 2012 1. Acquired an additional \(\$ 10,000\) cash from the issue of...
-
Bankers Trust (BT) was one of the most powerful and profitable banks in the world in the early 1990s. Under the stewardship of chairman Charles Sanford Jr., it had transformed itself from a staid...
-
Hammond Inc. experienced the following transactions for 2011, its first year of operations: 1. Issued common stock for \(\$ 80,000\) cash. CHECK FIGURES b. Net Income: \(\$ 62,520\) Total Assets:...
-
Following are the current prices and last years prices of a gallon of regular gas at a sample of 14 gas stations. Can you conclude that the median price is different now from what it was a year ago?...
-
A sample of nine men participated in a regular exercise program at a local gym. They were weighed both before and after the program. The results were as follows. Can you conclude that the median...
-
Can you find the following 17 basic accounting terms in the find-a-word puzzle? Each word is in a straight line but the line can be in any direction, including diagonal and reverse. Where the word...
-
The financial statements of Eastern Platinum Limited (Eastplats) are presented in Appendix A at the end of this textbook. Instructions (a) Does East plats report any investments on its statement of...
-
Preparing sales budget and production budget} The sales department of W. Smith Manufacturing Company has forecast sales for its single product to be 20,000 units for the month of June with...
-
Three friends are choosing a TV show to watch. Here are their preferences: a. If the three friends try using a Borda count to make their choice, what would happen? b. Monica suggests a vote by...
-
Five roommates are planning to spend the weekend in their dorm room watching movies, and they are debating how many movies to watch. Here is their willingness to pay: Buying a DVD costs $15, which...
-
You win $100 in a basketball pool. You have a choice between spending the money now or putting it away for a year in a bank account that pays 5 percent interest. What is the opportunity cost of...
-
DETAILS 1. [-/1 Points) SMITHNM13 11.2.025. MY NOTES Convert the credit card rate to the APR. Oregon, 2% per month % Need Help? ReadIt Watch
-
Corom Stack Standard CALCULATOR PRINTER VERSION BACK NEXT Problem 13-02A a-c (Part Level Submission) Sheffield Corporation had the following stockholders' equity accounts on January 1, 2020: Common...
-
Suppose that you own 2,100 shares of Nocash Corp. and the company is about to pay a 25% stock dividend. The stock currently sells at $115 per share. a. What will be the number of shares that you hold...
Study smarter with the SolutionInn App