A good is not depletable, A good is not depletable if:

A good is not depletable

Assignment Help Business Economics

Reference no: EM13898697

A good is not depletable if:

A. One person's benefit from the good does not reduce the benefit available to other people.

B. It is not possible to prevent an individual from using the good.

C. Those who are unwilling or unable to pay for the good do not obtain its benefits.

D. The quantity of the good is affected by the price a consumer pays for the good.

Reference no: EM13898697

Questions Cloud

Census data indicate : Census data indicate that, as of 2008, the top fifth of all households receive about ________ times as much income as the bottom fifth

Puts out products at an initial price : A local department store puts out products at an initial price, and every week the product goes unsold its price is discounted by 25% of the original price. If it is not sold after 4 weeks, it is sent back to the warehouse.

Is there a way to calculate the irr for each alternative : State and defend your recommendation for the selected alternative. Is there a way to calculate the IRR for each alternative? If so, is it meaningful or appropriate? Can benefit/cost ratios be computed for the three alternatives? Can discounted ..

Production process using two inputs labor and capital : A production process using two inputs, labor and capital, can be written as: Determine the least cost combination of L and K if the firm decides to produce 1,000 tons per day. What is the total cost of producing $1,000 tons per day?

A good is not depletable : A good is not depletable if:

What would be the nonpecuniary cost of legislation : From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 million in withdrawals from other banks’ ATM machines. what would be the n..

Relationship between total revenue and average revenue : Define and explain the relationship between total revenue, average revenue, and marginal revenue for a monopolist. What is monopoly profit? Should a monopolist produce quantities of product greater than that which would maximize profits?

Does monopolistic competitor produce more : Does a monopolistic competitor produce more or less output as compared to an efficient level of production? Explain. What are the benefits and drawbacks of this? Should the government intervene to alter this?

How many cars should the trustees plan to purchase : A retired junk yard operator, Edsel Studebaker, recently died and left his entire fortune of $12,300,000 to a trust to establish a junk car museum. The trustees must decide how to spend it. Land can be purchased for $180,000 now. how many cars should..

User Account

All Pages