Principles of Microeconomics
7th Edition
ISBN: 9781305156050
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Question
Chapter 11, Problem 4PA
Sub part (a):
To determine
The public good.
Sub part (b):
To determine
The public good.
Sub part (c):
To determine
The public good.
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If high-speed Internet is provided for free in the airport of the city of Communityvill. If only a few people use the service. What type of a good is this and why?
b. Eventually, as more people find out about the service and start using it, the speed of the connection begins to fall. Now what type of a good is the wireless Internet service?
c. What problem might result and why? What is one possible way to correct this problem?
5. Wireless high-speed internet in provided for free at an airport in a smaller city (like
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b. Now, everyone and their grandmother are streaming content non-stop and
the speed of the connection begins to fall. What type of resource is it now?
Explain.
C.
How can this situation be fixed?
What is a resource that you share with your family or neighbors? Is it being over-consumed? And if not, what is preventing people from over-consuming it?
Chapter 11 Solutions
Principles of Microeconomics
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