Assume that television broadcasts are nonrival and nonexcludable (some TV stations, such as those on cable TV, are excludable, b
ut many are not) and that there are no live TV recording devices, such as VCRs or DVRs like TiVo. How can advertising solve the free‑rider problem?
2 answers:
Answer: Advertising acts in a method similar to a fee. People who watch TV broadcasts must watch ADs. TV stations turn this into money by selling airtime to advertisers.
Explanation:
A non-rival good is a good whose consumption by one person does not reduce the remaining quantity available. An example is a street light.
For non-excludable goods, it is impossible to prevent everyone from enjoying the benefits of the good. An example is a lighthouse. This is where the free rider problem comes in.
A free rider is someone enjoying the benefits of a good without paying for it. When a good is both non-rival and non-excludable, it is convenient for consumers to enjoy the benefit without paying for it.
If TV broadcasts are both non-rival and non-excludable, everybody can choose to become a free rider. Advertising can solve this problem by converting free riders to potential buyers of goods or services advertised during broadcasts. This way, stations can generate revenue by selling airtime.
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Answer:
W = 12.8 KW
Explanation:
given data:
mass flow rate = 0.2 kg/s
Engine recieve heat from ground water at 95 degree ( 368 K) and reject that heat to atmosphere at 20 degree (293K)
we know that maximum possible efficiency is given as
rate of heat transfer is given as
Maximuim power is given as
W = 0.2038 * 62.7
W = 12.8 KW
Answer:
Correct option: B. 90%
Explanation:
The confidence interval is given by:
If is 190, we can find the value of
:
Now we need to find the value of :
So the value of z is 1.71.
Looking at the z-table, the z value that gives a z-score of 1.71 is 0.0436
This value will occur in both sides of the normal curve, so the confidence level is:
The nearest CI in the options is 90%, so the correct option is B.