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Which of the goods below best represents a nonrival, excludable good? Select one: Q A. Water 0 B. A free outdoor cinema Cl C. None of the other answers O D. Wild rabbits 0 E. A music streaming service Suppose Harry and Megan want to install security cameras on their property. Both will benefit from the added peace of mind, but Harry is more cautious than Megan. Their individual demand curves are given below. Security cameras cost $272. How much more would Megan be paying if the couple cooperated and she paid her Lindahl price than ifthey individually provided the cameras? Megan: P = 67 5Q Harry: P 21474110Q Which of the following statements is/are true? i. If resources are distributed in a Pareto efficient way, they are also distributed in an equitable way. ii. If resources are distributed in an equitable way, they are also distributed in a Pareto efficient way. iii. An equitable distribution can be Pareto efficient. Select one: O A. Only i. is true. O B. Only iii. is true. O C. Both i. and iii. are true. O D. None of the statements are true. O E. Both i. and ii. are true.Suppose that the market for Engineering degrees in Australia is in equilibrium at a market price of $55,000 for a 4*year degree. The government decides that the country needs more engineers and introduces a regulation that universities cannot charge fees greater than $47,000 for a 4*year engineering degree. Will the government regulation accomplish its goal? Select one: Q A. Yes. because quantity demand of engineering degrees will increase. 0 B. None of the these. 0 C. Yes, because the supply of engineering is periectly elastic. O D. No, because quantity demanded of engineering degrees will decrease. O E. No, because quantity supplied of engineering degrees will decrease. Demand for Australian salmon is given by Q = 14 P, and its supply by Q = 4P. Suppose the government imposes a $8 perunit tax on consumers. What would be the final price that consumers pay? Willy and Arthur live together in an apartment and both work from home as phone salesmen. Willy gets paid commission of $20 per sale and Arthur gets paid $33 per sale. They can create sales over the phone (landline) and via email. One day, the power to their apartment is cut, so they use a backup generator, however the generator's capacity is limited. Willy and Arthur need to each plug in their phone to call potential clients, or their computer to email. With their phone plugged in, either Willy or Arthur can make 10 sales in the day. if they have their computer plugged in, they can make 4 sales via email. lithey have both plugged in they can make a total 14 sales that day. However, the generator can only handle 3 devices plugged in. If all 4 devices (both computers and both phones] are plugged in, the generator will short out and there will be no power (and therefore no sales) that day. How many Nash equilibria are there in the game where Willy and Arthur each decide whether to just plug in their phoner or both their phone and computer for the clay