FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which one of the following is the best example of a private good? A . Free radio B . A dentist's office C . Satellite

Which one of the following is the best example of a private good?
A. Free radio
B. A dentist's office
C. Satellite radio
D. A community swimming pool
E. National defense
image text in transcribed

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

Essentials of Management

Essentials of Management

Authors: Andrew J. DuBrin

9th Edition

538478233, 2900538478235, 978-0538478236

More Books

Students also viewed these General Management questions

Question

★★★★★
Refer to the data regarding Hawkins Products in Exercise E26-25. Compute the IRR of each project, and use this information to identify the better investment. Refer in Exercise E26-25, Use the NPV...

Answered: 1 week ago

Question

★★★★★
The manufacturer of a toner cartridge claims the mean number of printouts is 10,000 for each cartridge. A consumer advocate is concerned that the actual mean number of printouts is lower. He selects...

Answered: 1 week ago

Question

★★★★★
Adverse supply shocks can increase the costs of production, shifting SRAS to the left; but once the temporary effects of these disasters have been felt, no appreciable change in the economys...

Answered: 1 week ago

Question

★★★★★
Sutton Pointers Corporation expects to begin operations on January 1, 2015; it will operate as a specialty sales company that sells laser pointers over the Internet. Sutton expects sales in January...

Answered: 1 week ago

Question

★★★★★
Which one of the following is the best example of a private good? A . Free radio B . A dentist's office C . Satellite radio D . A community swimming pool E . National defense

Answered: 1 week ago

Question

★★★★★
Amy and Jenny each graduated from college last year and got entry-level positions. Last year, the distributions of entry-level salaries were clearly skewed (not approximately symmetric) for software...

Answered: 1 week ago

Question

★★★★★
Required information [The following information applies to the questions displayed below.] Antuan Company set the following standard costs for one unit of its product. Direct materials (5.0 Ibs. @...

Answered: 1 week ago

Question

★★★★★
unit. Contrast in detail, its relationship to other funds that are found within the financial statements of a governmental entity. You can use the City of Milwaukee financial statements found in the...

Answered: 1 week ago

Question

★★★★★
Cole Patterson operates Cole's Cricket Farm in Clarkston, Georgia. Cole's raises about 18 million crickets a month. Most are sold to pet stores at $12.80 for a box of 1,000 crickets. Pet stores sell...

Answered: 1 week ago

Question

★★★★★
Chad Fronig operates Chad's Cricket Farm in Canton, Georgia. Chad's raises about 18 million crickets a Fronig does know that a unit of production is a box of 1,000 crickets. For example, in June's...

Answered: 1 week ago

Question

★★★★★
Poultry World produces canned chicken a la king. The chicken a la king passes through three departments: (1) Mixing, (2) Retort (sterilization), and (3) Packing. In the Mixing Department, chicken and...

Answered: 1 week ago

Previous Question Next Question