Question

Explain briefly what we mean by “non-excludable” and “nonrival” in the context of public goods. Give...

Explain briefly what we mean by “non-excludable” and “nonrival” in the context of public goods. Give one example of a public good that only partially satisfies each.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Public goods tend to be ones that are Non-Rival and Non-Excludable in consumption. Explain what the...
Public goods tend to be ones that are Non-Rival and Non-Excludable in consumption. Explain what the characteristics imply and provide an example of each in your discussion.
Give an example of a public good that you personally value. Explain how it is non-rival...
Give an example of a public good that you personally value. Explain how it is non-rival and comment on the degree to which it is non-rival. Explain how it is non-excludable and comment on the degree to which it is non-excludable. (125 word limit)
What do we mean by externalities, in the context of public goods? Please, include an example...
What do we mean by externalities, in the context of public goods? Please, include an example of a positive and a negative externality.
1. Give three possible reasons and briefly explain each (in the context of the models we...
1. Give three possible reasons and briefly explain each (in the context of the models we learned) for why Germany (who has high wages in the auto sector) can export cars to countries with lower wages in the auto sector.
From a solely Christian worldview, give one example each of a pure public good and pure...
From a solely Christian worldview, give one example each of a pure public good and pure private good. Explain whether your classification of these goods as public or private differs from the secular perspective and, if so, how and why. ........................ Be specific.
Select one example each of a private and public good, briefly explaining how each is funded...
Select one example each of a private and public good, briefly explaining how each is funded and treated by those who use it. Also, briefly explain why you believe that to be the case.
9. In one sentence state whether each good below is private, pure public, or partially public....
9. In one sentence state whether each good below is private, pure public, or partially public. · Golden Gate Bridge · F-35 fighter jet · 11th Grade education in California · Jamoca Almond Fudge® ice cream from Baskin-Robbins · This ECN 130 course at UCD · The air that we breathe · My Lego watch · Lake Tahoe · A 70 MPH speed limit on interstate highways · Local weather forecasts 10. Very briefly explain in words and/or graphs why...
( 7 ) What are " public goods " ? Define the characteristics , using examples...
( 7 ) What are " public goods " ? Define the characteristics , using examples . As we discussed in class , the existence of externalities creates an efficiency problem in the provision of these goods and services Unlike the private sector , State and Local Governments are able to intervene . Using the example of public goods you have provided , please provide an example of an externality that will impact it's provision , and detail how a...
What is financial intermediation? Briefly explain and give an example
What is financial intermediation? Briefly explain and give an example
A public good has a marginal cost of $100 per unit. There are four people in...
A public good has a marginal cost of $100 per unit. There are four people in the population who have marginal private benefits from the public good given by 50−Q, 100−3Q, 25−Q, and 65 − 2Q respectively. a) What is the efficient amount of the public good? Explain your answer, and explain what makes this different from a private good. b) If you didn’t know how each consumer valued this public good, what issues might you run into if you...