4 Consider a pair of Nike shoes. Is the consumption of Nikn shoes rival and excludable?The consumption of Nike shoes isA. rival and excludable.B. rival and nonexcludable.OC. quasi-tival and quasi-excludableOD. nonrival and nonexcludable.OE. nonvival and excludable.llyndO Time Remaindtvrch or type URL6YKNM6,CO

Rival : means consuming a good by one person, lefts nothing for other. Excludable: if someone is not…

Consider a pair of Nike shoes. Is the consumption of Nike shoes rival and excludable? The consumption of Nike shoes is OA. rival and excludable B. rival and nonexcludable. OC. quasi-eival and quasi-excludable OD. nonrival and nonexcludable. O E. norvival and excludable.

Consider a pair of Nike shoes. Is the consumption of Nike shoes rival and excludable? The consumption of Nike shoes is OA. rival and excludable B. rival and nonexcludable. OC. quasi-eival and quasi-excludable OD. nonrival and nonexcludable. O E. norvival and excludable.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Consider a pair of Nike shoes. Is the consumption of Nikn shoes rival and excludable?
The consumption of Nike shoes is
A. rival and excludable.
B. rival and nonexcludable.
OC. quasi-tival and quasi-excludable
OD. nonrival and nonexcludable.
OE. nonvival and excludable.
lly
nd
O Time Remain
dtv
rch or type URL
6
Y
K
N
M
6,
CO

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