History for 13 - History for'Graded Homework Chapter 19...

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History for 'Graded Homework - Chapter 19' Item: Graded Homework - Chapter 19 Score: 21/22 (Calculated) scaled to 9.54/10 Due: Saturday, December 03, 2016 12:59 AM Submitted: Friday, November 25, 2016 10:37 PM Answers: 1. The tragedy of commons is more likely to apply to: forests, fish, and elephants. chickens and other farm animals. microchips, semiconductors, and relay switches. oil, natural gas, and coal. Score: 1 of 1 2. In which of the case below is there the potential for a free-rider problem? half-off sales at department stores cable Internet service voluntary payments for a smog reduction program group projects where all members have clearly assigned tasks and are responsible for presenting their work Score: 1 of 1 3. Solving a tragedy of the commons problem could be done through: I. establishment of property rights over the common resource. II. the invisible hand. III. government-armed protection. I and II only II only I, II, and III I and III only Score: 1 of 1 4. Which of the following solutions allows for an efficient allocation of a public good? government command and control policies advertising widespread taxation donation-based funding Score: 1 of 1 5. The tragedy of the commons refers to the: overuse of a rival but nonexcludable good. underproduction of a common good.
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underproduction of public goods in economic markets. overuse of a nonrival and nonexcludable good. Score: 1 of 1 6. Both public goods and common resources are: nonexcludable. nonrival in consumption. excludable. rival in consumption. Score: 1 of 1 7. Table: Types of Goods Excludable Nonexcludable Rival 1 Nonrival 3 Reference: Ref 19-1 (Table: Types of Goods) Refer to the table. Which of the following statements is TRUE? Section 4 includes an MP3 song. Section 1 includes national defense. Section 3 includes cable TV. Section 2 includes a can of soda. Score: 1 of 1 This question has been excluded. 8. cowen_micro_c01_ch09_q06.xmlThat's right! Since the marginal cost of supplying one more customer approximates 0 the efficient quantity will be where the price is approximately 0.You should draw a typical downward sloping demand curve, making sure that it intersects the horizontal axis. Since the marginal cost of supplying one more customer approximates 0 the efficient quantity will be where the price is approximately 0. This is the quantity where the demand curve intersects the horizontal axis. To show the case where a download fee is charged, draw horizontal and vertical lines at some price above zero and its corresponding quantity and label it as the market equilibrium. You may wish to review Chapter 18: Nonrival Private Goods.
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