1) Which of the following is true concerning a public good?

Select one:

A.It is non-excludable but not necessarily non-rival.

B.It is non-rival but not necessarily non-excludable.

C.It is neither non-rival nor non-excludable.

D.It is both non-rival and non-excludable.

2)The following information is for a monopolistically competitive firm operating in the long-run. When:

MC = MR, Q = 60

MC = P, Q = 85

AC = MC, Q = 90

a) What output is economic capacity?

b) What is the amount of the firm's excess capacity?

3)The following table shows Ketta's total utility for coffee and croissants.

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