Q1 the government is involved in providing many goods and

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Q1. The government is involved in providing many goods and services. For each of the goods or services listed, determine whether it is rival or non rival in consumption and whether it is excludable or no excludable. Illustrate what type of good is it? Without involvement of government there would quantity provided be efficient, inefficiently low, or inefficiently high?

Q2. If Night Timers plans to sell 125,000 rolls per year, Illustrate what is the necessary price if the firm is to break even? Illustrate what if it can only sell 100,00?

Reference no: EM13355243

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