What distinguishes public goods from private goods

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Q. 1. What are external costs associated with cellular phone usage in automobiles? external benefits? What is difference between private and social costs? What distinguishes public goods from private goods? Explain why broadcast television is considered a public good.

Q. While he was 25, prices rose 20%. While he was 26, prices rose 15% and while he was 27, y rose 6%. Between his 25th and 28th birthday, total percentage increasing price level was Between his 25th and 28th birthday, what happened to his real wage?

Reference no: EM1371628

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