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

See similar textbooks

Related questions

Q: Figure A Q Figure B Figure C Price (dollars per unit) 15, 14- 13- 12- 11- 10- Price (dollars per…

A: In a perfectly competitive market, there are large number of firms producing similar and identical…

Q: of oil would make 15 million barrels the optimal quantity to extract and sell

A: At price 90 oil would make 20 million barrels the optimal quantity to extract and sell this year.

Q: tinguishers. The company needs replacement equipment to ´m the neck at the top of each extinguisher…

A: Future worth is the worth of a resource at a particular date. It estimates the ostensible future…

Q: terest accumulated on the principal of a loan ust also be paid. The accumulated interest is known as…

A: The principal(P) is that amount which is borrowed from the bank. Amount(A) to be payed back is the…

Q: Question 8 Assume that Derryland and Whetonia can switch between producing cheese and producing…

A: Opportunity Cost: It refers to the foregone revenue on the next best alternative if we pick a…

Q: 3. Suppose in a certain city the demand for low-cost housing can be characterized by the equation P…

A: (Note: Since the question has multiple parts, only one has been solved. Please resubmit the question…

Q: What is the highest price consumers would be willing to pay for this product? Also called the…

A: Total revenue is the total value of the commodities produced and sold in equilibrium. Economic costs…

Q: 3) Use the table below to answer the following questions. Table 1 Bud Light Offer Don't Offer New…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar…

A: With the existence of a transaction cost of $90 which has to be split between the two that is $45…

Q: The Mount Emerald Wind Farm will be Queensland's largest wind farm once construction is completed.…

A: Renewable energy plays a very important lesson in economics by fostering sustainability, decreasing…

Q: 19. Refer to Table 1 given below. Suppose that you have a house that you rent out. If you keep the…

A: The benefit of maintaining the lawn must be greater than the opportunity cost of wages you are…

Q: Using the graph, complete the table that follows by indicating whether each statement is true or…

A: In the language of economics, "demand" is the amount of an item or service that buyers are willing…

Q: ities/97507c54-29b3-4b89-bbid-c07ca40b872e/curiosity-feed?section=ef2825d6-34c2-4bae-8d5b-fec67cf632…

A: Tax:Tax is a compulsory payment which is imposed by the government of the country and for the…

Q: The table below shows the marginal utility of consuming different quantities of Peaches. Use the…

A: Marginal utility is the additional utility gained from consuming an additional unit of the good.

Q: "While gasoline taxes and fuel economy standards can both be effective in increasing the number of…

A: The realities affirm that gas appraisals and mileage rules can both be strong in extending the…

Q: The Marco famly-comprising Mrs. Marco aged 40, Mr. Marca, aged 39, and their three yourg…

A: - In case of taking option I, what is the amount of the monthly payment the Marco family should pay…

Q: 80 1 100 2 118 3 140 What is the value of TFC when 1 unit of output is produced? (а) 100 (b) 80 (c)…

A: Total fixed cost (TFC) Constant always

Q: Kyrie Durant borrowed 5,000 from a bank and agreed to pay the loan at the end of 9 months. The bank…

A: A cash flow a money instrument for representing the cash flows of a securities, "project," or…

Q: . A company has a total sales revenue of 29 000 euros a month. The fixed costs of this company are…

A: Given information Total sales revenue=29000 per month Fixed cost=11400 per month Net income=4600 per…

Q: A bottle of wine costs $14.00 and yields 5 ‘by the glass’ servings. To have a 25% FC what would I…

A: Price can be calculated by using the following formula.

Q: QUESTION 10 The demand for goods is given by Z-C+G In equilibrium, output is equal to demand, or…

A: The market equilibrium level refers to the situation when the total income is equals to the total…

Q: Suppose the market for apples is perfectly competitive. The short-run average total cost and…

A: A perfectly competitive firm is a price taker. It accepts the market price as given.

Q: only 11.5%. Calculate market share for Shaka's Sandwiches. Report your answer as a percent. Round to…

A: Here in this question Shaka runs his Sandwiches on a busy street downtown, and only serves lunch,…

Q: can you plz complete the last part? Thank

A: The rate of unemployment will be calculated as number of unemployed divided with the labor force;…

Q: Kyle sells tortilla chips in a competitive market. Currently, each bag of tortilla chips is sold for…

A: In competitive market, A firm will produce where the price is equal to the marginal cost. Marginal…

Q: Quantity TC TVC AFC ATC MC AVC 1 200 2 100 3…

A: Total Fixed cost is same at all levels of output. Variable cost is the cost that varies with the…

Q: 10. Insurance is a profitable activity, as: a) prevents the risk; b) combines the risk of a large…

A: Loss ratio is being used in the insurance industry which represents the ratio of losses to premiums…

Q: 20 18 16 Price 14 12 10 ID: 8. 4 2 20 40 60 80 100 120 140 Quantity

A: Slope of demand curve = dP/dQ Considering points (20, 20); (65, 2): Slope = (2 – 20)/ (65 – 20)…

Q: 10 00:05:28 Differentiate between a firm and an industry. Short Answer Toolbar navigation BIUS ESE…

A: A firm is important in economics because managerial decisions are made at the firm level. In common…

Q: nunicipal solid-waste site for a city must be located at Site A or SiteB. After sorting, some of the…

A: *Answer: The calculus helps in understanding the changes between values that are related by a…

Q: (1) The following table summarizes information, which are associated with three new 3D Printers…

A: A cash flow analysis decides an organization's functioning capital — how much cash is accessible to…

Q: What are the ethical issues of having increased automation in the workplace?

A: A moral dilemma that has to be resolved might occur in corporate refers to the ethical issue . In…

Q: 2. What is the crowding- out effect? How does it modify the implications of the basic Keynesian…

A: Crowding out occurs when expansionary fiscal policy causes the interest rates to rise, thereby…

Q: What would a straight-line production possibilities frontier between grape juice and apple juice on…

A: (Since you have posted multiple questions, we will answer the first one for you. If you want a…

Q: The board of your company discusses a possible future price increase of 20% for one of the products.…

A: A firm operates in the industry intending to make a profit. The firm will change its production…

Q: What is the highest price consumers would be willing to pay for this product? Also called the…

A: The maximum price that a consumer is willing to pay for a good or service, or the lowest price that…

Q: The Bruce Highway (from Cooroy to Curra) is currently being upgraded. The total expense of the…

A: Total expense of the project: $1.6 billionFederal government contribution: $1.1 billionQueensland…

Q: 15 rs1 EIP 10 d1 11EQ 0369 1215182124 5. At a price of $8, country 1 will offer for export 9 units…

A: equilibrium is achieved at the output level where Qs=Qd

Q: 4. The change in consumer surplus as a result of the shift in the graph below is equal tor (a) 1050…

A: Consumer surplus is the area below the demand curve and above the equilibrium price level.

Q: Discuss the potential impact of utility computing.

A: As per the guidelines, only the first question can be answered.

Q: A retailer bought several pairs of Jean's for $75,000. He sold all but 30 pairs got 86400 making a…

A: Let, retailer bought x pairs of jeans at price $y for each pair. Total cost: xy = $75,000 Since he…

Q: Average Incomes of Children - with Low Income Parents (51000) 45- 40- 35- 30- 25- Upward Mobility…

A: The housing sector's importance in the current economy stems from its significant effects on…

Q: Name: Name: Name: $/unit 25 1 Fertilizing Fish When farmers fertilize their fields, the nitrogen…

A: The objective of the question is to understand the concept of externalities in the market for…

Q: A firm produces a product made of a rare stone but has shipping costs. For simplicity, ignore all…

A: Locational cost examination is a strategy for deciding the volume of creation where an organization…

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

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

21
1
At a price of $14, country 1 will (a) offer for export 9 units of this product. (b) seek to import 9 units of this product. (c) choose not to trade. (d) increase supply. (e) offer for export 18 units of this product
UNITS OF VARIABLE TOTAL MARGINAL AVERAGE PRICE OF INPUT PRODUCT PRODUCT PRODUCT INPUT TOTAL VARIABLE COST AVERAGE VARIABLE COST TOTAL FIXED TOTAL AVERAGE TOTAL MARGINAL COST COST COST COST 012345678 0 $1 $2 6 $1 2 15 $1 27 $1 37 $1 45 $1 50 $1 52 $1 50 $1 ଖ ଖ ଖ ଖ ଖ ଖ ଖ ଖ ଖ $2 $2 $2 $2 $2 $2 $2 $2
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.
3)
Discussing the working of Multipier explain its leakages
B9
16
ctors) on of es 1. Relationship of data usage and bill Data Usage(GB/month) 0 10 20 30 Bill($/month) 10 30 50 70 A. Draw the graph, placing data usage horizontally(on the X axis) and bill vertically(On the Y axis). B. How much is the monthly fixed fee? C. How much is the charge per GB? D. What is the Equation that describes the relationship, where data usage is denoted by D, and bill by B? E. How much would be the charge for 50 GB use per month?
PLS HELP ASAP ON BOTH
3-The IT functions do not directly support the business objectives of an organization Select one True False