Classifying a good as nonrival means
A) that there is a surplus of the good.
B) that the good is produced in a competitive market.
C) that the producer can prevent people from consuming it.
D) that many people can consume the good simultaneously.
D
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Suppose an MNC subsidiary buys 100 input units from its parent at a price of $2 each. It has $300 in additional production costs, and sells its 100 units of output for $6 to the MNC. It pays a 25% local profit tax
The MNC sells the output at home for $8, and its cost of producing inputs is $1 . It pays a profit tax of 20% at home on repatriated profits. What is the subsidiary net profit? Assume no selling costs at home. What is the MNC's total profit from the operation?
Involuntary transfers are the type of transfers used in the case against government.
Answer the following statement true (T) or false (F)