Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The City of Montreal decides to charge for the use of benches in parks, thanks to a municipal employee responsible for removing a chain preventing

The City of Montreal decides to charge for the use of benches in parks, thanks to a municipal employee responsible for removing a chain preventing people from sitting on the bench, for the sum of $ 1 per half hour . From what type of good to what type of good are we going?

Please choose an answer:

a. From public good to private good

b. From a common good to a club good

c. Of an inferior good than a normal good

d. none of the above

e. From a common good to a private good

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus

Authors: Ron Larson, Bruce H. Edwards

10th Edition

1285057090, 978-1285057095

More Books

Students also viewed these Economics questions

Question

What is meant by organisational theory ?

Answered: 1 week ago

Question

What is meant by decentralisation of authority ?

Answered: 1 week ago

Question

Briefly explain the qualities of an able supervisor

Answered: 1 week ago

Question

Define policy making?

Answered: 1 week ago

Question

Define co-ordination?

Answered: 1 week ago

Question

Values: What is important to me?

Answered: 1 week ago