The inefficiency for collective consumption goods stems from the fact that _____
a. the total cost of the good is too high
b. the marginal cost of the good is zero
c. the total cost of the good is zero
d. the good cannot be priced because it is too easy to steal
b
Economics
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Refer to Table 2-2. Assume Nadia's Neckware only produces ascots and bowties. A combination of 16 ascots and 6 bowties would appear
A) along Nadia's production possibilities frontier. B) inside Nadia's production possibilities frontier. C) outside Nadia's production possibilities frontier. D) at the horizontal intercept of Nadia's production possibilities frontier.
Economics
Which of the following would be a fixed input for an amusement park?
A) ticket booth workers B) unpopped popcorn C) concession workers D) a roller coaster
Economics