Which of the following goods would be considered legally non-excludable?
Answer: Water from a drinking fountain on campus
Economics
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Total utility is the benefit received from consuming an extra unit of a good
Indicate whether the statement is true or false
Economics
The movement of the budget line from BB to bb in the figure suggests that income has:
A. increased and the price of X has decreased.
B. fallen and the price of Y has increased.
C. fallen and the price of Y has decreased.
D. decreased, but there have been no price changes.
Economics