Classify each of the following items as a public good, a private good, a natural monopoly good,

Question:

Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource. Explain your answer.

■ Highway patrol services

■ Internet service

■ Fish in the Atlantic ocean

■ UPS courier service

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 9780134744476

13th Edition

Authors: Michael Parkin

See More Books

Question Posted: Feb 07, 2024 01:17 PM

See More Questions

Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource. Highway control services City sidewalks U.S. Postal Service FedEx courier...
Classify each of the following items as a public good, a private good, a natural monopoly good, a common resource, or a mixed good. Measles vaccinations Tuna in the Pacific Ocean Air service in...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
A database is to be made to store information about a catalogue of CDs. Information to be stored about each CD includes title, price, genre, and a list of tracks. Each CD will also have an artist,...
A positive-sequence balanced three-phase wye-connected source with a phase voltage of 100 V supplies power to a balanced wye-connected load. The per phase load impedance is 40+ j10 ohms . Determine...
What is the role of the hippocampus in storing information?
Discuss the strengths and weaknesses of consumer-oriented and trade-oriented sales promotions.
1. This case study describes several different strategies for attracting and retaining new employees. On the basis of the four drives described in four drive theory and the needs listed in Maslows...
Identify, categorize and classify the assets on Amazon system. Your analysis should include at least 4 categories and 1 asset per category.
Classify each of the following goods as a private good, a public good, a natural monopoly good, or none of the above. Chewing gum Cable TV The New York City subway A skateboard The Santa Monica...
With no public health insurance market, how many families buy insurance, what is the premium, and is the coverage efficient? Use the following figure, which shows the marginal benefit from health...
In Problem 12.7 on page 424, you used the plate gap in the bag sealing equipment to predict the tear rating of a bag of coffee. The data are stored in Starbucks. Use the results of that problem. a....
In the global discourse on healthcare, the United States and England stand out as two contrasting models, each providing a distinct approach to addressing the challenges of cost , access, and...
2.A. Using the quotes below, answer the following questions. Exchange rate Bid Ask In New York, USD/EUR 1.2267 1.2875 In London, USD/GBP 1.6555 1.7334 2.A1. Calculate the EUR/GBP cross exchange...
Question 43 Part B Q1ii 20 points Save A a) A property is currently leased for $100,000 p.a. with fully recoverable outgoings. The lease has 3 years to run on the current (fixed) rent. The market...
Define HIPPA? What is the purpose of HIPPA? What are the 4 main rules of HIPPA?
Accounting for Inventories" Please respond to the following: As a Financial Accountant,determine the best type of income statement a retailer should use.Defend your suggestion. Analyze inventory...
Develop a checklist to help a prospective service retailer choose the proper service category in which to operate. Include personal abilities, financial resources, and time demands.
Consider the activities undertaken by a medical clinic in your area. Required 1. Do you consider a job order cost accounting system appropriate for the clinic? 2. Identify as many factors as possible...
Fully vaccinating all U.S. children born in a given year saves 33,000 lives, prevents 14 million infections, and saves $10 billion in medical costs. Part of the reason is that vaccinations protect...
After you have studied Reading Between the Lines on pp. 386387, answer the following questions: a. What are the two major problems confronting the provision of health-care services in the United...
Students of the Cold War learn that, to deter possible Soviet aggression, the United States placed a strategic umbrella over NATO Europe and Japan, with the United States providing most of their...
Chapter o Homew ebook 50,000-unit production quantity: $ 227,049 7 70,000-unit production quantity: $ 66,751 d. In addition to mean profit, what other factors should FTC consider in determining a...
Diamond makes downhill ski equipment. Assume that comic has offered to produce ski poles for Diamond for $20 per pair Diamond needs 200,000 pairs of poles per period Diamond can only avoid 5150,000...
17? Which of the following statement is true Select one: a. All evidence must have the same level of reliability b. All evidence must have the same level of persuasiveness C. All are false d....

Classify each of the following items as a public good, a private good, a natural monopoly good,

Question:

Step by Step Answer:

1 Highway Patrol Services This is a public good Public goods are nonexcludable and nonrivalrous This ...View the full answer

Microeconomics

Students also viewed these Business questions