Identify the public good in the following
a. A small library with a limited collection of books
b. A crowded children's park in your neighborhood
c. The visit to a museum which charges a nominal entry fee
d. The scenic view of the ocean from a beach
D
Economics
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If the utility function (U) between food (F) and clothing (C) can be represented as U = , the marginal utility of food
A) is not positive. B) does not diminish as food increases. C) is not affected by the amount clothing. D) increases as one obtains more clothing.
Economics
If a linear supply curve has a zero intercept, the elasticity of supply is always unitary
What will be an ideal response?
Economics