![ciarrap552](/avatars/32110.jpg)
ciarrap552
10.06.2021 •
Business
Imagine being desperate for a relationship on a school helping app xD
Solved
Show answers
More tips
- H Health and Medicine How to Treat Styes: Causes, Symptoms, and Home Remedies...
- C Computers and Internet How to Learn to Type Fast?...
- F Food and Cooking Delight for Gourmets: How to Prepare Liver Pate...
- S Style and Beauty How to braid friendship bracelets?...
- H Health and Medicine Mercury Thermometer Danger: What to do when a thermometer breaks?...
- F Food and Cooking Which Calamari Salad is the Most Delicious?...
- S Society and Politics 10 Tips for Boosting Your Self-Esteem...
- F Food and Cooking The Most Delicious and Simple Fish in Batter Recipe...
- H Health and Medicine What is Autism? Understanding the Basics of This Neurodevelopmental Disorder...
- P Philosophy How to Develop Extrasensory Abilities?...
Answers on questions: Business
- B Business Why does poop look so weird...
- B Business Stocks a and b have the following data. assuming the stock market is efficient and the stocks are in equilibrium, which of the following statements is correct? a bprice $25...
- B Business Cherry creek development, lp, is a limited partnership that invests in residential real estate projects. its limited partners include more than 150 sophisticated investors...
- B Business Different businesses are said to be unrelated when: group of answer choices a) the products of the different businesses are not bought by the same types of buyers or sold...
- B Business Sayed and ann form a contract under which sayed agrees to sell ann 500 copies of a book. the contract price is $3.50 per book. sayed breaches the contract by not delivering...
- B Business Under the allowance method, writing off an uncollectible account a) affects only balance sheet accounts. b) affects both balance sheet and income statement accounts. c) affects...
- B Business In a closed economy, gdp is $1000, government purchases are $200, and consumption is $700. if the government has a budget surplus of $25, what are the investment, taxes, private...
- B Business The annual demand for an item is 10,000 units. the cost to process an order is $75 and the annual inventory holding cost is 20% of item cost. what is the correct ordering...
- B Business Elegance inc. is a large cosmetics company that made an initial small investment in a start-up company, peace planet, which was developing an organic face lotion. this gave...
- B Business Explain why it is true that for a firm in a perfectly competitive market, the profit-maximizing condition mr = mc is equivalent to the condition p = mc. when maximizing profits,...
Ответ:
1. A free weight station in a fitness room that is open to the public (common resource)
2. A large, beautiful fountain in a town square (public goods)
3. A new drum set for you to play in your friend's band (private good)
Explanation:
Before we look into the different types of goods, let us define the terms associated with goods:
Rival: A good is said to be rival, if its consumption by one consumer prevents simultaneous consumption by another consumer.
Excludable: An excludable good is one for which access is not provided by the owner or seller, to a consumer who has not paid for it or who has not met certain requirements for its use.
Now let us define the different types of goods:
a. Private goods: these goods are excludable and rival. This means that the owners can prevent certain individuals from using them and their use prevents simultaneous use by other consumers. These goods are usually limited in quantity. in our example, A new drum set for you to play in your friend's band meets these requirements. other examples include food, clothes et.
b. public good: these goods are non-excludable and non-rival. These goods can be used simultaneously by many individuals and restrictions to use are virtually absent on them. A large, beautiful fountain in a town square meets these criteria. other examples include air, street lights etc.
c. common resource: These products are non-excludable (restriction to use is absent) and rival (use by an individual can prevent simultaneous use by others). if an individual is using A free weight station in a fitness room that is open to the public, other individuals will have to wait for their turn, even if they do not pay for it.
d. club good: these goods or services are excludable (paid for before use) but non rival (multiple consumers can use them simultaneously). Examples include cable television, internet services, cinemas etc.