MICROECONOMICS-MINDTAP (1 TERM)
MICROECONOMICS-MINDTAP (1 TERM)
13th Edition
ISBN: 9780357686942
Author: Arnold
Publisher: CENGAGE L
Question
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Chapter 17.4, Problem 2ST

(a)

To determine

Identify notebook as an excludable public good, non-excludable public good, or a private good.

(b)

To determine

Identify Shakespearean play performed in a summer theater as an excludable public good, non-excludable public good, or a private good.

(c)

To determine

Identify an apple as an excludable public good, non-excludable public good, or a private good.

(d)

To determine

Identify telephone service as an excludable public good, non-excludable public good, or a private good.

(e)

To determine

Identify sunshine as an excludable public good, non-excludable public good, or a private good.

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not use ai please
subject to X1 X2 Maximize dollars of interest earned = 0.07X1+0.11X2+0.19X3+0.15X4 ≤ 1,000,000 <2,500,000 X3 ≤ 1,500,000 X4 ≤ 1,800,000 X3 + XA ≥ 0.55 (X1+X2+X3+X4) X1 ≥ 0.15 (X1+X2+X3+X4) X1 + X2 X3 + XA < 5,000,000 X1, X2, X3, X4 ≥ 0
not use ai
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