Example of a pure public good

Assignment Help Business Economics
Reference no: EM13798019

Which of the following is the BEST example of a pure public good?

welfare programs

highways

mail delivery

national defense

Reference no: EM13798019

Questions Cloud

What value questions do you see raised : What value questions do you see raised? How do you respond to them? Can you articulate an arguable claim about these questions?
Got a lot of consumer surplus from her purchases : If your neighbour returns from a shopping trip saying that she got a lot of consumer surplus from her purchases
Products has a dangerous side effect : If a pharmaceutical company knows that one of its products has a dangerous side effect, but does not disclose that to its customers, then the market for that product is likely to fail due to:
If one person consumes a public good : If one person consumes a public good:
Example of a pure public good : Which of the following is the BEST example of a pure public good?
Government often strictly regulates noise-chemical pollution : The government often strictly regulates noise and chemical pollution by industry to overcome which market failure?
Define the six sigma approach : Using the Six Sigma Approach (DMAIC), provide an example situation that utilizes the five-step plan, and determine three to four challenges you may encounter using this approach. Provide specific examples to support your rationale.
Minimum level of auto and motorcycle insurance : All licensed drivers are required by law to purchase a minimum level of auto and motorcycle insurance (well, if they own either of the two). However, the vast majority choose to buy much more insurance than the required minimum. It’s also true t hat ..
Goods are difficult to provide in the private market : Public goods are difficult to provide in the private market because they have the characteristics of:

Reviews

Write a Review

Business Economics Questions & Answers

  The interest rate on the loan was closest

Small manufacturing company borrowed $1 million and repaid the loan through monthly payments of $20,000 for 2 years plus a single lump sum payment of $1 million at the end of 2 years.

  To be successful leaders in the global business world of

to be successful leaders in the global business world of the 21st century managers must consider economic trends

  Determine nature of return to scale as exhibited

Show where or not above production function exhibits diminishing marginal productivity of labour. Determine nature of Return to Scale as exhibited by above production function.

  How many sodas will the consumer purchase in a typical month

If the price of soda is $1 every can, Elucidate how many sodas will the consumer purchase in a typical month.

  Change as income increases in this problem

Elucidate how do the ratios Px*X/I also Py*Y/I change as income increases in this problem.

  Developed a new professional sports league

NBC executives have developed a new professional sports league—the XBL (Extreme Badmiton League). The short-run production function for televised games has been determined to be Q=25L-2.25L2, where L is the number of players.

  Identify a point that is efficient

Use a production possibilities frontier to illustrate the production options. Be sure to label your drawing. Identify a point that is efficient.

  Illustrate where y is the amount of output the short-run

A firm has fixed cost of 2,000.Its short-run production function is y+4X and one-half, where x is the amount of variable factor it uses. The price of the variable factor is $3,000 per unit. Illustrate where y is the amount of output the short-run..

  Explain how to expand the business by hiring an assistant

You have opened your own word-processingservice. You bought a personal computer, and paid $5,000 for it.However, due to the cost changes in the computer industry, thecurrent price of an equivalent machine is $2,500.

  Purpose of consolidating all of the federal national debt

Assume that in 2007 the U.S. Government issued a debt security with a purpose of consolidating all of the federal national debt. At the time of the issue, each security was priced at $15,000 and promised to pay 10% coupon rate indefinitely, just as i..

  Discuss how the accounting for an employer defined benefit

Discuss how the accounting for an employer's defined benefit plan differs from accounting for the defined benefit's pension fund itself.

  Imply concerning productivity or standard of living

Suppose that real GDP grew more in Country A than in Country B last year. Which of the following does this imply concerning productivity or standard of living?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd