One characteristic of a public good is that it
A. can be easily subdivided into small units.
B. always eliminates the free-rider problem.
C. is available for consumption by only a few individuals at any particular time.
D. can be consumed simultaneously by many individuals.
Answer: D
You might also like to view...
Which of the following tax systems would help reduce income inequality the most?
A) a consumption tax system B) a proportional tax system C) a progressive tax system D) a regressive tax system
During a(n) ____ many firms experience increased profits, which increases ____ and investment spending
Fill in the blank(s) with the appropriate word(s).
xplain how technology can shift the supply curve to the right.
What will be an ideal response?
Refer to Scenario 9.8 below to answer the question(s) that follow. SCENARIO 9.8: Investors put up $1,040,000 to construct a building and purchase all equipment for a new gourmet cupcake bakery. The investors expect to earn a minimum return of 10 per cent on their investment. The bakery is open 52 weeks per year and sells 900 cupcakes per week. The fixed costs are spread over the 52 weeks (i.e. prorated weekly). Included in the fixed costs is the 10% return to the investors and $2,000 in other fixed costs. Variable costs include $2,000 in weekly wages, and $600 per week in materials, electricity, etc. The bakery charges $8 on average per cupcake.Refer to Scenario 9.8. Economic profit per week is
A. -$400. B. $0. C. $600. D. $900.