A good or service whose consumption by a person will not result in a reduction of its amount for the other person of the society and no one from the society can be excluded from the use of public goods. A Public good can be said as a good which is non-rival and even non-excludable. Some examples of public goods are:public parks, national defense and sewer system.

Question

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Answer 1

Question

Chapter 17, Problem 1BCQ

To determine

Concept Introduction:

A good or service whose consumption by a person will not result in a reduction of its amount for the other person of the society and no one from the society can be excluded from the use of public goods. A Public good can be said as a good which is non-rival and even non-excludable. Some examples of public goods are:public parks, national defense and sewer system.

Expert Solution & Answer

Explanation of Solution

The government of Kenya made the wildlife non-excludable and non-rival by putting a ban on trophy hunting and ranching of wildlife.

If trophy hunting and ranching is allowed, then people will pay for the sport and will indulge in legalized hunting and ranching. Then these resources will be used for breeding activity, by this, the balance can be maintained.

Wildlife is treated as a public good, so everyone feels that wildlife protection for him will not come at the cost paid by someone else, this is the reason poachers kill wild animals.

Another problem is the free rider problem, where an individual uses the good without paying anything for it. Wildlife of Kenya is overused by the poachers, who use to kill wild animals which results in the depletion of wildlife, and moreover, they do not pay anything for this activity. Therefore, this resulted in loss of wildlife in Kenya.

Conclusion:

Therefore, the problem of free rider and non-rival are the main reasons for losses in Kenyan wildlife.

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Answer 2

Question

Chapter 17, Problem 1BCQ

To determine

Concept Introduction:

A good or service whose consumption by a person will not result in a reduction of its amount for the other person of the society and no one from the society can be excluded from the use of public goods. A Public good can be said as a good which is non-rival and even non-excludable. Some examples of public goods are:public parks, national defense and sewer system.

Expert Solution & Answer

Explanation of Solution

The government of Kenya made the wildlife non-excludable and non-rival by putting a ban on trophy hunting and ranching of wildlife.

If trophy hunting and ranching is allowed, then people will pay for the sport and will indulge in legalized hunting and ranching. Then these resources will be used for breeding activity, by this, the balance can be maintained.

Wildlife is treated as a public good, so everyone feels that wildlife protection for him will not come at the cost paid by someone else, this is the reason poachers kill wild animals.

Another problem is the free rider problem, where an individual uses the good without paying anything for it. Wildlife of Kenya is overused by the poachers, who use to kill wild animals which results in the depletion of wildlife, and moreover, they do not pay anything for this activity. Therefore, this resulted in loss of wildlife in Kenya.

Conclusion:

Therefore, the problem of free rider and non-rival are the main reasons for losses in Kenyan wildlife.

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Answer 3

Question

Chapter 17, Problem 1BCQ

To determine

Concept Introduction:

A good or service whose consumption by a person will not result in a reduction of its amount for the other person of the society and no one from the society can be excluded from the use of public goods. A Public good can be said as a good which is non-rival and even non-excludable. Some examples of public goods are:public parks, national defense and sewer system.

Expert Solution & Answer

Explanation of Solution

The government of Kenya made the wildlife non-excludable and non-rival by putting a ban on trophy hunting and ranching of wildlife.

If trophy hunting and ranching is allowed, then people will pay for the sport and will indulge in legalized hunting and ranching. Then these resources will be used for breeding activity, by this, the balance can be maintained.

Wildlife is treated as a public good, so everyone feels that wildlife protection for him will not come at the cost paid by someone else, this is the reason poachers kill wild animals.

Another problem is the free rider problem, where an individual uses the good without paying anything for it. Wildlife of Kenya is overused by the poachers, who use to kill wild animals which results in the depletion of wildlife, and moreover, they do not pay anything for this activity. Therefore, this resulted in loss of wildlife in Kenya.

Conclusion:

Therefore, the problem of free rider and non-rival are the main reasons for losses in Kenyan wildlife.

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Answer 4

Question

Chapter 17, Problem 1BCQ

To determine

Concept Introduction:

A good or service whose consumption by a person will not result in a reduction of its amount for the other person of the society and no one from the society can be excluded from the use of public goods. A Public good can be said as a good which is non-rival and even non-excludable. Some examples of public goods are:public parks, national defense and sewer system.

Expert Solution & Answer

Explanation of Solution

The government of Kenya made the wildlife non-excludable and non-rival by putting a ban on trophy hunting and ranching of wildlife.

If trophy hunting and ranching is allowed, then people will pay for the sport and will indulge in legalized hunting and ranching. Then these resources will be used for breeding activity, by this, the balance can be maintained.

Wildlife is treated as a public good, so everyone feels that wildlife protection for him will not come at the cost paid by someone else, this is the reason poachers kill wild animals.

Another problem is the free rider problem, where an individual uses the good without paying anything for it. Wildlife of Kenya is overused by the poachers, who use to kill wild animals which results in the depletion of wildlife, and moreover, they do not pay anything for this activity. Therefore, this resulted in loss of wildlife in Kenya.

Conclusion:

Therefore, the problem of free rider and non-rival are the main reasons for losses in Kenyan wildlife.

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Answer 5

Chapter 17, Problem 1BCQ

To determine

Concept Introduction:

A good or service whose consumption by a person will not result in a reduction of its amount for the other person of the society and no one from the society can be excluded from the use of public goods. A Public good can be said as a good which is non-rival and even non-excludable. Some examples of public goods are:public parks, national defense and sewer system.

Expert Solution & Answer

Explanation of Solution

The government of Kenya made the wildlife non-excludable and non-rival by putting a ban on trophy hunting and ranching of wildlife.

If trophy hunting and ranching is allowed, then people will pay for the sport and will indulge in legalized hunting and ranching. Then these resources will be used for breeding activity, by this, the balance can be maintained.

Wildlife is treated as a public good, so everyone feels that wildlife protection for him will not come at the cost paid by someone else, this is the reason poachers kill wild animals.

Another problem is the free rider problem, where an individual uses the good without paying anything for it. Wildlife of Kenya is overused by the poachers, who use to kill wild animals which results in the depletion of wildlife, and moreover, they do not pay anything for this activity. Therefore, this resulted in loss of wildlife in Kenya.

Conclusion:

Therefore, the problem of free rider and non-rival are the main reasons for losses in Kenyan wildlife.

Answer 6

Chapter 17, Problem 1BCQ

To determine

Concept Introduction:

A good or service whose consumption by a person will not result in a reduction of its amount for the other person of the society and no one from the society can be excluded from the use of public goods. A Public good can be said as a good which is non-rival and even non-excludable. Some examples of public goods are:public parks, national defense and sewer system.

Expert Solution & Answer

Explanation of Solution

The government of Kenya made the wildlife non-excludable and non-rival by putting a ban on trophy hunting and ranching of wildlife.

If trophy hunting and ranching is allowed, then people will pay for the sport and will indulge in legalized hunting and ranching. Then these resources will be used for breeding activity, by this, the balance can be maintained.

Wildlife is treated as a public good, so everyone feels that wildlife protection for him will not come at the cost paid by someone else, this is the reason poachers kill wild animals.

Another problem is the free rider problem, where an individual uses the good without paying anything for it. Wildlife of Kenya is overused by the poachers, who use to kill wild animals which results in the depletion of wildlife, and moreover, they do not pay anything for this activity. Therefore, this resulted in loss of wildlife in Kenya.

Conclusion:

Therefore, the problem of free rider and non-rival are the main reasons for losses in Kenyan wildlife.

Answer 7

Chapter 17, Problem 1BCQ

To determine

Concept Introduction:

A good or service whose consumption by a person will not result in a reduction of its amount for the other person of the society and no one from the society can be excluded from the use of public goods. A Public good can be said as a good which is non-rival and even non-excludable. Some examples of public goods are:public parks, national defense and sewer system.

Answer 8

Expert Solution & Answer

Explanation of Solution

The government of Kenya made the wildlife non-excludable and non-rival by putting a ban on trophy hunting and ranching of wildlife.

If trophy hunting and ranching is allowed, then people will pay for the sport and will indulge in legalized hunting and ranching. Then these resources will be used for breeding activity, by this, the balance can be maintained.

Wildlife is treated as a public good, so everyone feels that wildlife protection for him will not come at the cost paid by someone else, this is the reason poachers kill wild animals.

Another problem is the free rider problem, where an individual uses the good without paying anything for it. Wildlife of Kenya is overused by the poachers, who use to kill wild animals which results in the depletion of wildlife, and moreover, they do not pay anything for this activity. Therefore, this resulted in loss of wildlife in Kenya.

Conclusion:

Therefore, the problem of free rider and non-rival are the main reasons for losses in Kenyan wildlife.