The reason individual homeowners usually do not hire a private contractor to fill the potholes on their street is because:
a. it costs too much.
b. the value to the neighborhood exceeds the cost of repair.
c. others who use the street will be free riders.
d. they do not trust the government.
e. there are negative externalities associated with the repair.
c
You might also like to view...
One problem with measuring a durable good's cost is
A) how to allocate the initial purchase cost. B) how to account for depreciation of the good. C) that the good may break before the end of its estimated useful life. D) when to decide to throw it away for a newer model even if the cost has not been accounted for.
For a perfect-price-discriminating monopoly, the marginal revenue curve
A) lies below the demand curve. B) is the demand curve. C) varies for each consumer. D) is the same as the monopolist's marginal revenue curve.
According to the theory of efficiency wages, firms operate more efficiently if wages are above the equilibrium level
a. True b. False Indicate whether the statement is true or false
Which of the following describes the store of value function of money?
A) noting that Audible.com sells downloadable audio books for $10 per book B) making a monthly payment toward your car loan C) paying $30 for a haircut D) putting away $50 each month into your savings account