Economics (MindTap Course List)
13th Edition
ISBN: 9781337617383
Author: Roger A. Arnold
Publisher: Cengage Learning
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Question
Chapter 30, Problem 9QP
(a)
To determine
Example of a good that is rival in consumption and is excludable.
(b)
To determine
Example of a good that is non-rival in consumption and is excludable.
(c)
To determine
Example of a good that is rival in consumption and is non-excludable.
(d)
To determine
Example of a good that is non-rival in consumption and is non-excludable.
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Explain what is meant by a good being "excludable." Explain what is meant by a good being "rival in consumption." Is a slice of pizza excludable? Is it rival in consumption?
Think of an example of a good (or service) that is a common resource (i.e., it is non-excludable and rival in consumption). Briefly explain why your example is a common resource.
DSTV and the South African Navy differ as both of them are:
a. DSTV is nonexcludable and the Navy is excludable.
b. DSTV is a public good and the Navy is a private good.
c. DSTV is excludable and Navy is nonexcludable.
d. DSTV is nonexcludable and the Navy is a public good.
Chapter 30 Solutions
Economics (MindTap Course List)
Ch. 30.1 - Prob. 1STCh. 30.1 - Prob. 2STCh. 30.2 - Prob. 1STCh. 30.2 - Prob. 2STCh. 30.2 - Prob. 3STCh. 30.2 - Prob. 4STCh. 30.3 - Prob. 1STCh. 30.3 - Prob. 2STCh. 30.3 - Prob. 3STCh. 30.4 - Prob. 1ST
Ch. 30.4 - Prob. 2STCh. 30.4 - Prob. 3STCh. 30.5 - Prob. 1STCh. 30.5 - Prob. 2STCh. 30.5 - Prob. 3STCh. 30 - Prob. 1QPCh. 30 - Prob. 2QPCh. 30 - Prob. 3QPCh. 30 - Prob. 4QPCh. 30 - Prob. 5QPCh. 30 - Prob. 6QPCh. 30 - Prob. 7QPCh. 30 - Prob. 8QPCh. 30 - Prob. 9QPCh. 30 - Prob. 10QPCh. 30 - Prob. 11QPCh. 30 - Prob. 12QPCh. 30 - Economists sometimes shock noneconomists by...Ch. 30 - Prob. 14QPCh. 30 - Prob. 15QPCh. 30 - Prob. 1WNGCh. 30 - Prob. 2WNGCh. 30 - Prob. 3WNG
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Similar questions
- Which of the following goods is excludable but non-rival in consumption? A. National defense B. Leopards in the wild C. Computer software D. Gym membership at a very small gymarrow_forwardWhy is the following statement false?: If a good is non-rival and non-excludable, it will never be produced by the private sector (i.e., public-sector intervention is required in order for a non-zero quantity of such a good to be produced).arrow_forwardA good or resource that is both nonrival and nonexcludable is a public good. nonexistent because it is impossible for a good or resource to be both nonrival and nonexcludable. a private good. a good that is impossible to produce. a common resource.arrow_forward
- Offer an example of a good that has become a public (or quasi-public) good due to technology. Explain how technology has made this good non-rival in consumption or non-excludable. Is there a free rider problem with the good you mentioned? How can the free rider problem be addressed in this example?arrow_forwardCan you explain why the following statement is false?: If a good is non-rival and non-excludable, it will never be produced by the private sector (i.e., public-sector intervention is required in order for a non-zero quantity of such a good to be produced).arrow_forwardFigure 11-1 Rival in Consumption? Yes No Excludable? Yes A B No C D Refer to Figure 11-1. Emma's use of good x does not affect anyone else's use of good x. Neither Emma nor anyone else can be prevented from using the good. Good x is an example of the type of good that belongs inarrow_forward
- What is the name for each of the following classes of goods, and provide two examples for each. Explain why each example belongs to that class. (a) Goods that are rival in consumption and excludable. (b) Goods that are non-rival in consumption and excludable. (c) Goods that are rival in consumption and non-excludable. (d) Goods that are non-rival in consumption and non-excludable.arrow_forwardWhich of the following are non-rival? a) A particular blu-ray disc of a Batman movie b) The design of Batman's costume c) Drinking water from a public river d) The view of a public river Which of the following are non-excludable? a) A particular blu-ray disc of a Batman movie b) The design of Batman's costume c) Drinking water from a public river d) The view of a public riverarrow_forwardSuppose that a small company is thinking of putting plants in their lobby for employees to view and enjoy. Since the plants are to be viewed by employees, the plants are non-excludable (it is infeasible to move a plant each time a specific individual walks by) and non-rival in consumption (if one worker looks at the plant, it does not prevent another from doing so as well). The company employs three workers: Robin, Alex, and Sharon. The company is thinking about buying up to three plants, and wants to know how much workers would enjoy each plant. For Robin, the first plant has a benefit of $47 per day, the second plant has a benefit of $37 per day, and the third plant has a benefit of $13 per day. For Alex, the first plant has a benefit of $41 per day, the second has a benefit of $28 per day, and the third has a benefit of $6 per day. For Sharon, the first plant has a benefit of $31 per day, the second has a benefit of $19 per day, and the third has a benefit of $2 per day. Given that…arrow_forward
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