The type of problem that exists when people who can’t be excluded from using a good (product) choose not to pay for it is called a free-rider problem.
<h3>What is a
free-rider problem?</h3>
A free-rider problem can be defined as a type of market failure and burden that typically occurs when people who benefit from public goods or shared resources refuse to pay for them.
This ultimately implies that, a free-rider problem is the type of problem that exists when people who can’t be excluded from using a good (product) choose not to pay for it.
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Answer:
A. the iso-quant line is tangent to the iso-cost line.
Explanation:
Cost minimization refers to the decrease in level of cost of production for certain specified level of production.
Iso quant line represents the labor and capital combinations keeping the total cost same. The least combination represents the tangent to isoquant, basically representing the idle choice of labor and capital.
In this manner the company chooses the idle way of cost minimization.
What information did the employee provide on the w4?
Hey there,
The answer is B, <span>Behavioral interview
Hope this helps ^_^
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