All categories

3 years ago

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

1 answer:

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.

You might be interested in

On March 1, Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $254,500, terms n/30. The cost of

Lisa [10]

Explanation:

The journal entries are as follows

Merchandise Inventory A/c $254,500

To Accounts payable A/c $254,500

(Being merchandise purchased on credit)

Account payable Dr $30,000

To Merchandise inventory $30,000

(Being the merchandise returned is recorded)

Account payable Dr $224,500 ($254,500 - $30,000)

To Cash $224,500

(Being the payment of the invoice is recorded)

7 0

3 years ago

What the 10 president

zavuch27 [327]

Answer:

John Tyler

Explanation:

4 0

2 years ago

Read 2 more answers

A machine is purchased on January 1, 2018, for $102,000. It is expected to have a useful life of eight years and a residual valu

allochka39001 [22]

Answer:

Depreciation expense 2019= $17,062.5

Explanation:

Giving the following information:

Purchase price= 102,000

Useful life= 8

Salvage value= 11,000

To calculate the depreciation expense under the double-declining balance, we need to use the following formula:

Annual depreciation= 2*[(book value)/estimated life (years)]

2018= 2*[(102,000 - 11,000)/8]= $22,750

2019= 2*[(91,000 - 22,750)/8]= $17,062.5

4 0

3 years ago

Which term describes the art of manipulating people so that they break normal security procedures allowing the release of confid

lisov135 [29]

The term is SOCIAL ENGINEERING.
Social engineering is the art of manipulating people into breaking information security procedures or to give away confidential information which they have at their disposal.<span />

8 0

3 years ago

Read 2 more answers

Suppose this monopolist can price discriminate across its customers and sets 2 prices in the market. Let P M represent the stand

Orlov [11]

Answer:

hello your question is incomplete attached below is the missing part

answer: Pd = 1658 , Qd = 42

Explanation:

The monopolist will choose a discount price of ( Pd ) = 1658 and sell 42 units of the good in the discount market

since the standard price is at $1800 and the Qm ( standard monopoly quantity) is at 200 for the Monopoly to be profitable the amount of good to be sold to customers with reservation prices greater than or equal to standard price should be greater than the good offered at discount price and also the discount price after using a coupon should be lower than the standard price (Pm)

5 0

3 years ago