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katen-ka-za [31]
3 years ago
6

Explain what is meant by a good being "excludable." Explain what is meant by a good being "rival in consumption."

Business
1 answer:
vovikov84 [41]3 years ago
8 0

Answer:

If you can prevent a nonpaying consumer from having access to a good or service, that good is excludable. For example, only clients that buy a ticket can enter a movie theater and watch the movie.  

A good or service that can be consumed by only one consumer (or a specific number of consumers) is rival in consumption because other people cannot consume them simultaneously. For example, once the movie theater sold out, no more people can get inside and watch the movie.

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Sveta_85 [38]

Answer:

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Explanation:

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2 years ago
Of the following, which is the BEST example of an extended family?
kakasveta [241]

Answer:

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2 years ago
Existing auction sites, such as eBay, are inherently more valuable to customers than new auction sites. This basic economic fact
nasty-shy [4]

Answer:

The correct answer to the following question will be the "Lock-in effect".

Explanation:

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Therefore, Lock-in Effect is the right answer.

7 0
3 years ago
The aggregate demand curve would shift to the right as a result of A. tax increases. B. a drop in the price level. C. a drop in
UNO [17]

Answer:

. C) a drop in the foreign exchange value of the dollar.

Explanation:

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