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Westkost [7]
2 years ago
10

Common resources differ from public goods in that:

Business
2 answers:
Svetradugi [14.3K]2 years ago
8 0

Answer:

The answer is option

D) unlike public goods, common resources are rival in consumption.

Explanation:

Common Pool Resources are by definition non excludable and rival. Thus, if a good is both non excludable and rival it is a Common Pool Resource or a Common Good, but not a Public Good Common resources are rival in consumption but not excludable.

However, Public Goods can be excludable or rival to varying degrees. Some goods that cause positive or negative externalities are public goods

Public Good and Common Resource are both non-excludable. The main difference is their rivalry property.

Public Goods can be consumed without reducing availability for others, while consuming Common Resources will decrease the available resources for others.

Public Good has free-riders problem (lack of contributions) while Common Goods has "tragedy of the commons problem" (overuse).

victus00 [196]2 years ago
3 0

Answer: Option D

Explanation:

Public goods are neither rival in consumption nor excludable.

Common resources are rival in consumption but not excludable

A product is considered to be rivalrous if your consumption of the product reduces the quantity available for others to consume.

An example of a product that is nonexcludable and rivalrous is flu vaccinations.

Water is an example of a common pool resource.

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Based on the question above, the correct answer goes thus:

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2 years ago
An employee has​ year-to-date earnings of . The​ employee's gross pay for the next pay period is . If the FICAOASDI is ​% and th
taurus [48]

Answer:

$192

Explanation:

Calculation for how much FICA-OASDI tax will be withheld from the employee's pay?

FICA-OASDI tax=($117,000-$113,900)*6.2%

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FICA-OASDI tax=$192

Therefore how much FICA-OASDI tax will be withheld from the employee's pay is $192

5 0
2 years ago
Two teachers purchased art supplies for their classes. One paid $103.45 for eight large boxes of crayons. The other teacher purc
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The answer is c. price

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3 years ago
Suppose a​ profit-maximizing monopolist is producing 12001200 units of output and is charging a price of ​$60.0060.00 per unit.
antiseptic1488 [7]

Answer:

Marginal Cost = $30

Explanation:

Given that

Price = $60

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MC = P(1 + 1/Ed)

From monopolist pricing rule as a function of elasticity of demand.

Where MC = marginal cost

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= 60 (0.5)

= 30

MC = $30

6 0
2 years ago
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