All categories

3 years ago

Classify each example according to whether it represents a rivalrous, nonrivalrous, excludable or nonexcludable good.

Business

1 answer:

Wewaii [24]3 years ago

7 0

Answer: This can be explained as follows :-

Explanation: If the individuals can be prevented from consuming a good, for which they have not paid anything then such goods are called excludable and if they cannot be prevented then nonexcludable.

Similarly, If the consumption of good by one prevents another's consumption then it is called rivalrous and if not then nonrivalrous.

So from the above we can conclude that ,

A. nonrivalrous and nonexcludable

B. nonrivalrous and excludable

C. rivalrous and excludable

D. rivalrous and nonexcludable

You might be interested in

When looking at plant layout, Ford most likely uses a ____ because automobiles undergo the same operations in the same order.

Luda [366]

When looking at plant layout, Ford most likely uses product layout because automobiles undergo the same operations in the same order.

6 0

3 years ago

Read 2 more answers

Your father invested a lump sum 28 years ago at 4.05 percent annual interest. Today, he gave you the proceeds of that investment

wolverine [178]

Answer:

initially the amount invested will be equal to $16211.420

Explanation:

We have given amount after 28 years A = $48613.24

Rate of interest is given = 4.05 %

Time period which takes for amount to be $48613.24 , n = 28 years

We have top find the initial investment, that is principal amount P

We know that future amount is given by $A=P(1+\frac{r}{100})^n$

So $48613.24=P(1+\frac{4.05}{100})^{28}$

$48613.24=P\times 1.04^{28}$

$48613.24=P\times2.99$

P = $16211.420

So initially the amount invested will be equal to $16211.420

4 0

3 years ago

Assume that the British government eliminates all controls on imports by British companies. Other things being equal, the U.S. d

Pavlova-9 [17]

Answer:

increase

decrease

4 0

3 years ago

Suppose the Fed carries out an open market sale of $100m and simultaneously decreases the minimum required reserve ratio from 10

andrey2020 [161]

Answer:

loanable amount after Fed operation = $950 M

Securities after fed operation = $50 M

attached below is the T-account table

Explanation:

Given data:

For assets : securities = $100 M , Loans = $800 M

For Liabilities : Constant demand deposit = $1000 M

difference between the assets and liability = $100 M and this makes the Banking system unbalanced hence the Banking system needs the intervention of the Fed. and the reduction in the required reserve ratio from 10% to 5% is the right action

How with the reserve ratio reduced to: 0.05

hence required Minimum required securities after operation = 0.05 * 1000 M = 50 M

Note : Total demand deposits = securities + loanable amount

therefore loanable amount after Fed operation = $1000 M - $50 M = $950

Attached below is the T-table

When both tables are compared it can be seen that there is a significant increase in the loanable amount after the Fed's operations and increase in Loanable amount transcends to increase in Monetary base

5 0

4 years ago

Consider a monopolist facing a linear demand curve. Assume the marginal cost of production is constant. This would be true wheth

stira [4]

Answer:

200 units

Explanation:

Perfect Competition are many firms selling similar products at same prices. So, constant prices imply that their marginal revenue = average revenue = price.

Monopoly is single seller of products. Their MR curve is below their AR curve. And, it is also twice steeper than AR (demand) curve, because it has double slope then that.

So, perfect competition is at equilibrium where MC = (MR = AR = P). However monopoly's optimum output is where MR = MC, & the optimal price is found by corresponding point at higher AR (demand) curve.

Given that MC curve is constant : Monopoly's output will be half perfect competition output, as per above explanation. So, if monopoly is producing 200 less than perfect competitive output. Being it half the perfect competition output, it could be producing output = 200 currently.

8 0

3 years ago