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BigorU [14]
3 years ago
14

When economists say that a good is non-rival in consumption, they mean that:____.

Business
1 answer:
juin [17]3 years ago
5 0

Answer: When economists say that a good is no -rival in consumption, More than one person can enjoy the good at the same time

A good is excludable if someone can be prevented from using it. A good is rival in consumption if one person's use reduces others' ability to use the same unit of the good. Markets work best for private goods, which are excludable and rival in consumption. Markets do not work well for other types of goods.

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6 0
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Studies on a machine that molds plastic water pipe indicate that when it is injecting 1-inch diameter pipe, the process standard
Otrada [13]

Answer:

b. 0.67

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= 0.67

Therefore, Theprocess capability index (Cpk) if the long-run process mean is 1 inch is 0.67

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