Solved

If a Good Has a Marginal Cost of Production of Zero

Question 157

Multiple Choice

If a good has a marginal cost of production of zero and an inefficiently low level of consumption,the good must be a(n) :

A) private good.
B) public good.
C) common resource.
D) artificially scarce good.

Related Questions

Q152: A common resource is a good or

Q153: The best example of a good whose

Q154: Which example best illustrates a good whose

Q155: Volunteer fire departments are good examples of

Q156: _ are a good that is rival

Q158: In a market economy,goods that are nonrival

Q159: Fish in a public lake are common

Q160: (Scenario: Alexander and Vanessa)Use Scenario: Alexander and

Q161: Use the following to answer question:<br>Figure: Demand

Q162: A good is MOST likely to be