EBK FOUNDATIONS OF ECONOMICS
8th Edition
ISBN: 9780134516196
Author: BADE
Publisher: PEARSON CO
expand_more
expand_more
format_list_bulleted
Question
Chapter 11, Problem 10SPPA
To determine
To explain:
The reason why repairing more bridges on year basis would be efficient; and the reasons for not doing so.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Explain using the real life examples.
Public goods are free of cost.
GOSI shopping complex has 100 stores all rented to communication shops and concerned about security. The table below shows the total costs of hiring security guards to ensure safety of customers and protect storeowners from being vandalized. The table also shows the marginal benefit to each one of the shops.
Number of
Total cost
Marginal benefit for each shop
Marginal benefit for all shops
1
300
10
2
600
4
3
900
2
4
1200
1
Explain why a security guard a public good for the shop owners at GOSI?
If each shop owners act individually why zero guards will be hired
Fill in the missing information in the last column in the table.
Which of the following is an example of a public good? A) A sandwich B) A private tutoring session C) National defense D) A concert ticket Don't use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer I will give 10 dislikes and more from my friends account
Chapter 11 Solutions
EBK FOUNDATIONS OF ECONOMICS
Ch. 11 - Prob. 1SPPACh. 11 - Prob. 2SPPACh. 11 - Prob. 3SPPACh. 11 - Prob. 4SPPACh. 11 - Prob. 5SPPACh. 11 - Prob. 6SPPACh. 11 - Prob. 7SPPACh. 11 - Prob. 8SPPACh. 11 - Prob. 9SPPACh. 11 - Prob. 10SPPA
Ch. 11 - Prob. 1IAPACh. 11 - Prob. 2IAPACh. 11 - Prob. 3IAPACh. 11 - Prob. 4IAPACh. 11 - Prob. 5IAPACh. 11 - Prob. 6IAPACh. 11 - Prob. 7IAPACh. 11 - Prob. 8IAPACh. 11 - Prob. 9IAPACh. 11 - Prob. 1MCQCh. 11 - Prob. 2MCQCh. 11 - Prob. 3MCQCh. 11 - Prob. 4MCQCh. 11 - A renewable common resource is used sustainably if...Ch. 11 - Prob. 6MCQCh. 11 - Prob. 7MCQCh. 11 - When ITQs are assigned, the market price of an ITQ...
Knowledge Booster
Similar questions
- Match the good with it's best characterization. A. Open-access resource B. Private good C. Public good D. Club good select A B C D 1. Poke bowl select A B C D 2. Clean air select A B C D 3. Blue fin tuna select A B C D 4. Private beach select A B C D 5. Over-crowded public beach select A B C D 6. Uncrowded public beach select A B C D 7. Open-source software (like Python, R, or Linux) select A B C D 8. Commercial software (like Microsoft Word) select A B C D 9. Organic, free-range chickenarrow_forwardExplain how your charity will make a difference to that counrty. is it a sustainable project? Discuss your views. (100 - 150 words) - plz answer this question it is not an essy, it is a homework given for a group ( its about establishing acharitable organization that help children in India and help to get their full rights. e.g. health and other things)arrow_forwardSuppose you are in charge of snow removal in your community and you are trying to figure out if you should clear snow on a street. You survey the 20 people that live on that street who say they they each value having snow cleared on their street at $50 per year. The snow removal only costs $600 per year so you hire a snow plow and clear the snow that winter. When you ask for donations to pay for the snow removal you only receive $80. What does this result show? a The people on that street were free-riders. b The snow removal suffered from the Tragedy of the Commons problems. c The snow removal cost must have been greater than their economic benefit. d You must have overestimated the value of a fireworks show. Please suggest me right answer with explanationarrow_forward
- Aquifers are underground sources of clean waterthat stretch over thousands of square miles. Peoplewho own land over the aquifer are free to take asmuch as they want. What is likely to happen to watersupplies in an aquifer? Is this efficient?arrow_forwarddont use chatgpt i will 5 upvot How does pollution violate consumers’ negative right? A. They are paying for the product with their health. B. They are paying for something they did not want. C. They are paying for more than the amount they ultimately receive. D. They are paying more than others for the same product.arrow_forwardWhat is America's Great Outdoor Initiative, what is its purpose, and who established it?arrow_forward
- Which organization was created in 1991 to provide grants for global environment projects? Group of answer choices A. The EPA B. The CIA C. Global environmental facility D. The International Monetary Fundarrow_forwardImagine there are 10 factories on the riverbank. They compete with each other and so want to keep their costs minimum as well. Will they treat and clean waste before throwing in the river? If not, could they cooperate with each other to ensure each treats water before release in the river? If not, what other ‘solutions’ are possible?arrow_forwardGive typing answer with explanation and conclusion One advantage of an emissions tax over a cap-and-trade system is that a. permit markets can have transactions costs that taxes do not. b. taxes put a price on pollution, but cap-and-trade systems do not. c. once a cap-and-trade system is in place, there is no way for the government to adjust the price of permits. d. taxes are always popular.arrow_forward
- Match the good with it's best characterization.If it is a Public good, private good, club good, or open access resource 1. Poke Bowl 2. Clean air 3. Blue fin tuna 4. Private beach 5. Over-crowded public beach 6. Uncrowded public beach 7. Open-source software (liKe Python, R, an Linux) 8. Commercial software (lIke Microsoft Word) 9. Organic, free-range chickenarrow_forwardShould the government legislate strict regulations for the gig-economy Give an assessment of the likely costs and benefits of your recommendation. Who will benefit and how? Who will be disadvantaged? What will be the effects on the community in general?arrow_forwardThe satisfaction that an individual gain after consuming a cold Orange Juice on a hot day describes * a.Public benefit b.private benefit c.external benefit d.social benefit If it costs Levy $1.50 to prepare a burrito, that would reflect it's: a.social cost b.external cost c.private cost d.Public cost As a result of the COVID19 pandemic, the Government will be opening a pre-school in Back-A- Town area, and subsidizing the cost. The reason for this is because the government is of the opinion that pre-school education is: * a.Underpriced b.Overproduced c.Under-produced d.Over-produced Full funding of tertiary level education is an example of a government: * a.Tariff b.Tax c.Subsidy d.Loanarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Principles of Economics 2eEconomicsISBN:9781947172364Author:Steven A. Greenlaw; David ShapiroPublisher:OpenStax
Principles of MicroeconomicsEconomicsISBN:9781305156050Author:N. Gregory MankiwPublisher:Cengage Learning
Essentials of Economics (MindTap Course List)EconomicsISBN:9781337091992Author:N. Gregory MankiwPublisher:Cengage Learning
Principles of Microeconomics (MindTap Course List)EconomicsISBN:9781305971493Author:N. Gregory MankiwPublisher:Cengage Learning
Principles of Economics 2e
Economics
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:OpenStax
Principles of Microeconomics
Economics
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Essentials of Economics (MindTap Course List)
Economics
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Principles of Microeconomics (MindTap Course List)
Economics
ISBN:9781305971493
Author:N. Gregory Mankiw
Publisher:Cengage Learning