Rival or public goods, Explain all your answers below

Rival or public goods

Reference no: EM1315450

Explain all your answers below clearly, including brief definitions of each term.

a) Are jokes rival?

b) Are jokes excludable?

c) Are jokes public goods?

d) Consider the costs of developing jokes and the enjoyment that people get from developing jokes. How do these factors affect the social desirability of strong intellectual property rights for jokes?

Reference no: EM1315450

Questions Cloud

Computing the standard deviation for distribution : Now compute the standard deviation for this distribution.

Trigonometric identities to find length of the guy wire : Trigonometric identities to find length of the guy wire.

Short-run impact on the firms production : Illustrate what do you think would be the short-run impact on the firm's production.

Computing risk-free rate and the expected return using capm : Computing risk-free rate and the expected return using CAPM and Define a linear regression model consisdent with CAPM in the following way

Rival or public goods : Explain all your answers below clearly, including brief definitions of each term.

Hypothesis testing and confidence interval of two proportion : Establish a 99% Confidence interval about the difference in the proportion of the town voters and county voters who favor the proposal.

Us company choose to export a product to india : Why would a US company choose to export a product to India rather than license India the right to produce the product locally

Probability that at least one of the cd is defective : Find out the probability that at least one of the CD's is defective?

Average marginal and average variable cost curves : How would each of the following affect the firm's marginal, average, and average variable cost curves?

User Account

All Pages