Answer:
1. Private Good: A snow cone
2. Public Good: A community fireworks display
3. Common Resource: An Alaskan king crab
4. Club Good: Satellite Television
Explanation:
Goods can be categorized into four distinct categories as show above. This distinction is based mainly on two things:
A. Excludability: Whether others can be prevented from consuming them.
B. Rivalrousness: Whether consumption reduces the availability for consumption by others.
1. Private Goods: They are both excludable and rivalrous. They have to be purchased in order to be consumed. Anyone who cannot afford it, is excluded from consuming it. Similarly, the purchase of it by one person reduces the availability for another person, proving rivalry.
2. Public Goods: They are both non-excludable and non-rival. Anyone can consume it and one person’s consumption does not reduce what is available for another person.
3. Common Resource: They are non-excludable but are rival products. They are available to be utilized by anyone but one person’s consumption will reduce what is available for another person.
4. Club Goods: These are excludable but non-rival goods. Individuals can be prevented from consuming them if they don’t purchase it, but one person’s consumption won’t impact the consumption of another person.
Answer:
will attract more resources towards the production of the product
Explanation:
A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Because price is set above equilibrium price, quantity supplied would exceed quantity demanded and there would be a surplus.
If price were set below equilibrium price (the price floor is non-binding) there would be shortages as quantity demanded would exceed quantity supplied
price floor benefits sellers
Due to increased profitability as a result of the high price as a result of price floor, there would be a resource flow into that industry
Among the luxury goods produced in Mongolia are luxury clothing made from the finest wools, hides, and skins there. The country also exports machinery and equipment. The Republic of China is the leading trading partner of Mongolia accounting to a percentage about 95.5%.
Answer:
Option B
Explanation:
Fixing the wage rate above the market equilibrium rate will disturb the demand and supply equilibrium of labor resource.
Wage rate above market will make labor as a resource costly for business and hence, there is possibility that the demand for labor will lower down. Thus, the supply of labor will get low.
Hence, option B is correct
Answer:
Explanation:
In a figure or surface, the perimeter refers to the contour and the measure of that contour. In other words, the perimeter is the sum of all the sides of the figure. In this way, the perimeter allows calculating the boundary of a surface, making it very useful.
The problem provided you the formula to find the perimeter 
of a rectangle of length 
and width 
:
So, in order to find the perimeter of a rectangular garden of
and
You just need to replace these data into the provided formula:
<em><u>Translation:</u></em>
En una figura o superficie, el perímetro se refiere al contorno y a la medida de ese contorno. En otras palabras, el perímetro es la suma de todos los lados de la figura. De esta manera, el perímetro permite calcular la frontera de una superficie, por lo que resulta de gran utilidad.
El problema le proporcionó la fórmula para encontrar el perímetro de un rectángulo de largo y ancho :
Entonces, para encontrar el perímetro de un jardín rectangular de
Y
Solo necesita reemplazar estos datos en la fórmula provista:
