Multiple Choice
A private good is a good or service for which exclusion:
A) is possible and for which marginal cost of an additional user is zero.
B) is possible and for which marginal cost of an additional user is positive.
C) cannot be applied and for which marginal cost of an additional user is zero.
D) cannot be applied and for which marginal cost of an additional user is positive.
Correct Answer:

Verified
Correct Answer:
Verified
Q28: Whenever MB < MC, the decisionmaker should
Q155: Suppose that the expected exam scores from
Q156: If the market supply and demand curves
Q157: Use the following to answer question(s): Surplus
Q158: An efficient allocation of resources is one
Q159: Use the following to answer question(s): Markets
Q161: External costs may require government intervention.
Q163: A set of rules that specify the
Q164: The Case in Point on Protecting Wildlife
Q165: If the price of popcorn is $0.50