Common resources differ from public goods in that
a) common resources are non-excludable...
Common resources differ from public goods in that
a) common resources are non-excludable while public goods are excludable to those who do not pay for the good.
b) unlike public goods, common resources are rivalrous in consumption.
c) common resources are collectively owned by a group of people while public goods are government owned.
d) common resources are resources that cannot be renewed but the production of public goods can be increased any time.
Answers: 2
Business, 21.06.2019 20:30, hoolio4495
At a young age, ebony's coaches were confident she had the potential to be a world-class swimmer with a future coaching career. after four years on an athletic scholarship and olympic experience under her belt, she chose a different path. with her savings and personal connections, she rented a corner building in a bustling san francisco neighborhood and pursued her dream: a surf shop business. ebony's dream was rooted in which basic right of free-market capitalism?
Answers: 3
Business, 22.06.2019 18:50, jordendoctorwho
)a business incurs the following costs per unit: labor $125/unit, materials $45/unit, and rent $250,000/month. if the firm produces 1,000,000 units a month, calculate the following: a. total variable costs b. total fixed costs c. total costs
Answers: 1