Complimentary goods are those goods which are jointly demanded or consumed together in fixed proportion. Complimentary goods exhibit negative cross elasticity of demand.Answer and Explanation: Complimentary goods are good which are jointly demanded or consumed together. A complimentary good has little ...
百度试题 结果1 题目Music is an example of ( ) A. a private good. B. a social good. C. a nonrival good. D. a common good. 相关知识点: 试题来源: 解析 c 反馈 收藏
The main criteria that distinguish a public good are that it must be non-rivalrous and non-excludable. Non-rivalrous means that the goods do not dwindle in supply as more people consume them. Non-excludability means that the good is available to all citizens. The point of contention is cal...
Is the government a public good as it is non-rivaled and non-excludable? An example of a good that is non-rival in consumption is: A) a radio broadcast of a song B) a music CD C) a ticket to a concert D) a guitar There are a bunch of...
(CPRs), also referred to as common goods, are goods that typically possess a natural or constructed system of resources. CPRs arenon-excludable, meaning that individuals orpopulationstypically can’t be prevented from using them, even if they aren’t paying for them. They are, however,rival...
Greater punitive damages might also be given if non-economic harm is difficult to calculate, injuries are hard to detect and could prompt a need for continuous care, or if the defendant’s conduct is extraordinarily offensive. Regardless of the award, the defendant is always given fair notice ...
t=1 It is immediate that only a few of the (non-negative) terms in the sum above can be much above zero, otherwise the upper bound will be violated. The right ballpark property tells us it is very unlikely that pt < ν. On the event {pt ≥ν ∀t} ∩ MN the pt in the ...
Today, this hypothesis has almost become a reality, such that, when analyzed from specific to general (from our surroundings, to society, to other societies around the world and the whole picture of "all of us"), material goods such as glasses, watches, phones, computer, cars created by ...
Comparative Advantage –It can be defined as the ability of an organization to effectively produce goods or services better than its competitors, which ultimately results from higher profit margins for the company and ultimately paves the way for the company to earn a comparative advantage.Examples...
These goods had cost Sentinel $30 million. $12 million of the goods sold remained in Prodigal’s closing inventory. (iv) Prodigal’s policy is to value the non-controlling interest of Sentinel at the date of acquisition at its fair value which the directors determined to be $100 million. ...