Explain why governments sometimes proceed with a project even if the private costs exceed the private benefits

Q: Compare and contrast private and public goods.

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: What characteristic of public goods makes it very difficult for private firms to provide (or provide…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: The main problem with public goods is that:   a.     They lead to depletion of resources such as…

A: The term "public goods" refers to products that are both non-excludable and non-rival in nature.…

Q: Which of the following is an example of a publicgood?a. residential housingb. national defensec.…

A: ANSPublic goods (commodities) are those commodities that are non-excludable & non-rivalrous.By…

Q: What is One of the most important aspects of any public project to quantify the benefits in dollars?…

A: The benefits are the gains associated with the value of goods and services that result from the…

Q: Define public and private goods

A: Economics is a social science that discusses human behavior regarding their unlimited wants in terms…

Q: A global-positioning anti-theft device installed by one car owner can produce a positive spillover…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: Which of the following is an example of a pure public good? a. A hamburger sold in a restaurant on…

A: Pure public goods are those that are fully non-rivalrous and non-excludable in terms of consumption.…

Q: Name two public goods and explain why they are public goods

A: By definition public goods(G) are those which are non-excludable and non-rivalry. They are consumed…

Q: Government raises it's expenditure on producing public goods. Which economic value does it reflect?…

A: # The goods which are available to all the public without any motive of Profits are public goods.

Q: What are the examples of PRIVATE COST?

A: Cost is the total expenditure incurred in the production of goods and services. The cost is…

Q: Public Good

A: A public good is a good which is both non-excludable as well as non-rivalrous in nature.

Q: What are public goods/services? Provide an example of a public good and say why it is a public…

A: In economics, goods are categorized into four main types on the basis of certain features. These…

Q: Is land preservation considered a public good? On one graph draw the MPB, MSB, and MPC = MSC curves.…

A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…

Q: Explain why the private ownership is essential to individuals, firms, and the market economy?…

A: Private goods are those goods whose consumption by one person affects the availability of another…

Q: Explain the term public goods with examples

A: Non-excludable: - it is a condition where a person cannot stop another person from using a good or…

Q: How does the problem of limited and bundled choice in the public sector relate to economic…

A: Limited and bundled choice in the public sector leads to a reduction in economic efficiency. The…

Q: (a) Define public goods and common resources and give an example of each. What is the free-rider…

A: Public goods are the goods that are non-rivlal and non-excludable.

Q: is easier to achieve? Why?

A: Answer The difference between strong and weak sustainability: strong sustainability: Weak property…

Q: Please explain about the Private Benefit and Private Cost of education based on the photo given

A: This is a significant differentiation to comprehend. Private costs to firms or people don't…

Q: Determine whether each of the following goods is a private good, a public good, a common resource,…

A: Public goods are goods that are non-excludable and non-rivalrous. Private goods are goods which are…

Q: Describe in detail three kinds of private economic investment which could help a neighborhood

A: 1. Ownership InvestmentsOwnership is what involves mind for many people when the word investment is…

Q: Question 1 A global-positioning anti-theft device installed by one car owner can produce a positive…

A: We will use concepts such as Marginal Social benefits, Marginal Social Costs, Marginal Private…

Q: What are the characteristics of a public good?

A: In economics aspects, the public goods allude to the services and goods that are made accessible to…

Q: Explain why free or very low-cost public transportation might be a solution to the traffic problem…

A: The ever-increasing world population, as well as its concentration in major cities, are among the…

Q: A) Explain the free rider problem, and how it happens in real Use three (3) real examples.

A: Note : Since you have uploaded multiple questions , only the first question shall be answered at a…

Q: Which of the below is the best illustration of a public good? A clean water in a river В a public…

A: In an economy, public good refers to the commodity or service that is provided by the government and…

Q: What is the definition of public goods? Why does the private market not produce the efficient…

A: Public goods are the goods that are produced by the government and available to everyone. It has the…

Q: How does public sector spending effect the economy and the businesses within?

A: Public sector spending is undertaken by the government of the country. This involves developing…

Q: discuss in detail The nature of the public sector from the perspective of production, profit, costs.…

A: Introduction: The present notion of components of production is mostly drawn from a neoclassical…

Q: Does 'Private Cost' give impact to education cost such as tuition, university fees and anything…

A: Education generates positive externalities and expenditure done here is a kind of investment as it…

Q: A global-positioning anti-theft device installed by one car owner can produce a positive spillover…

A: If a single car owner installed the anti-theft device, it will produce positive spillover to other…

Q: QUESTION ONE Explain the term market failure and give two examples. а. b. Explain four (4) main…

A: Explain the term market failure and give two examples. MARKET FAILURE :- A market failure means…

Q: Radio stations, tornado sirens, lighthouses, and street lights are all public goods in that all are…

A: Public goods have two characteristics. Public goods are non-excludable and non-rivalrous. The first…

Q: 6. Charlie loves watching Downton Abbey on his local public TV station, but he never sends any money…

A: Given Charlie loves watching Downtown Abbey on his local public TV station, but he never send any…

Q: What are public goods ? State few examples of public goods.

A: Public goods are goods which are non-rivalry and non-excludable in consumption. These goods are used…

Q: Explain briefly why the shape of the demand curve for the public good is downward sloping for HHA…

A: Public goods refer to those goods which are nonrival and nonexcludable such that one person does not…

Q: Which of the following goods could best be classified as a public good? a) A hard copy of…

A: Answer The correct answer is 'option b' i.e., PDF copy of Principles of Microeconomics in a public…