Economics (MindTap Course List)
13th Edition
ISBN: 9781337617383
Author: Roger A. Arnold
Publisher: Cengage Learning
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Question
Chapter 30, Problem 9QP
(a)
To determine
Example of a good that is rival in consumption and is excludable.
(b)
To determine
Example of a good that is non-rival in consumption and is excludable.
(c)
To determine
Example of a good that is rival in consumption and is non-excludable.
(d)
To determine
Example of a good that is non-rival in consumption and is non-excludable.
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22 KIU
Explain what is meant by a good being "excludable." Explain what is meant by a good being "rival in consumption." Is a slice of pizza excludable? Is it rival in consumption?
explains it correctly
Chapter 30 Solutions
Economics (MindTap Course List)
Ch. 30.1 - Prob. 1STCh. 30.1 - Prob. 2STCh. 30.2 - Prob. 1STCh. 30.2 - Prob. 2STCh. 30.2 - Prob. 3STCh. 30.2 - Prob. 4STCh. 30.3 - Prob. 1STCh. 30.3 - Prob. 2STCh. 30.3 - Prob. 3STCh. 30.4 - Prob. 1ST
Ch. 30.4 - Prob. 2STCh. 30.4 - Prob. 3STCh. 30.5 - Prob. 1STCh. 30.5 - Prob. 2STCh. 30.5 - Prob. 3STCh. 30 - Prob. 1QPCh. 30 - Prob. 2QPCh. 30 - Prob. 3QPCh. 30 - Prob. 4QPCh. 30 - Prob. 5QPCh. 30 - Prob. 6QPCh. 30 - Prob. 7QPCh. 30 - Prob. 8QPCh. 30 - Prob. 9QPCh. 30 - Prob. 10QPCh. 30 - Prob. 11QPCh. 30 - Prob. 12QPCh. 30 - Economists sometimes shock noneconomists by...Ch. 30 - Prob. 14QPCh. 30 - Prob. 15QPCh. 30 - Prob. 1WNGCh. 30 - Prob. 2WNGCh. 30 - Prob. 3WNG
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- A good that is rival and non-excludable is?arrow_forwardThere would be a potential market failure if a good was a. nonexcludable, but not if it was both excludable and nonrival b. nonrival, but not if it was both rival and nonexcludable c. both nonrival and nonexcludable, but not if it was either rival or excludable d. either nonexcludable or nonrival 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.arrow_forwardpointe If you can prevent someone from consuming a good, that good is called A. nonexcludable. B. rival. C. a public good. D. excludable. E. nonrival.arrow_forward
- What does it mean for a good to be excludable?arrow_forward9. An ice cream cone is A) excludable and rival in consumption. B) excludable and not rival in consumption. C) not excludable and rival in consumption. D) not excludable and not rival in consumption. E) a good breakfast 10. Which of the following is the best example of a public good (nonexcludable and nonrival)? a. an iPod. b. a bottle of soda. c. clean air. c. an economics lecture. e. a highway.arrow_forwardThink of an example of a good (or service) that is a common resource (i.e., it is non-excludable and rival in consumption). Briefly explain why your example is a common resource.arrow_forward
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