Please solve the following Questions

Which of the scenarios are examples of free riding? Bob can pay to support his local public radio station, which depends on donations to be as effective as possible. Bob listens to the radio station several hours per day but never donates since he suspects that other people will donate enough to keep the station on the air. Drew always buys the lunch special for $5 at the restaurant across the street from where he works. If he decided to eat at the restaurant after 3:00 p.m., however, he would be unable to get the lunch special, and would instead have to pay $10 for the same food. Jim is working on a group project for a class in which he wants a high grade. However, since the grades are assigned to the group as a whole and he knows that the other group members will pick up most of the extra work, Jim calls in sick and plays video games on his Dream Station 64. Karl never drives at night, and gets no benefit from street lamps at all. Street lamps are nonexcludable and nonrival in consumption. When the community group tries to collect money to build street lamps, Karl does not donate any money. Answer Bank not free riding Ired ridingMap pling Learning In the graphs below, D is the demand curve, $1 is the supply curve if firms only consider private costs (not pollution) in production decisions, and $2 is the supply curve if all costs (production costs and pollution costs) are considered. These curves represent the plastic production industry. Price Quantity On the left graph (above), move $2 to a location For the right graph (above), assume that plastic production that is consistent with the production of plastic does not generate pollution or any other type of externalily. generating air pollution. Move S2 to a location that is consistent with the assumption of no externality. Hini Q)Previous @ Give Up & View Solution () Chuck Answer () Next 4 Exit partners privacy policy Arms of use contact us 26 MacBo esc FI FZ 20 F3 DOO F4 F5