Illustrate the free goods in economic problem

Hey friends please give your opinion for the problem of free goods in Economic that is given below:

The entire given are free goods EXCEPT the enjoyment people derive from as in below: (w) rain which waters our lawns and refreshes the air we breathe. (x) breathing air of recent quality. (y) watching Law and Order reruns upon cable television. (z) sunshine energy which warms the earth.

Please help me to solve the problem of free goods that is given above.

View Complete Question

Related Questions in Public Economics

Q : Example of Relative Price Suppose a

Suppose a deluxe hamburger is $5, an Oreo blizzard is $3, and a soda is $1. Then the relative price of the hamburger is: (a) 1.6 blizzards. (b) four sodas and half of a blizzard. (c) two blizzards. (d) a blizzard and one soda.

Q : Entrepreneur in economic profit

Economic profit is the entrepreneur's: (i) payment to managers for their services. (ii) capital stock minus depreciation. (iii) reward for innovation and bearing risks. (iv) difference between monetary cost and total income. (v) opportunity cost for capital.

Q : Market adjustments change equilibrium

A movement along the demand curve for a good would be caused through changes within: (1) preferences and tastes. (2) costs for productive resources. (3) supply which change the equilibrium price of the good. (4) expectations regarding future prices.

Q : Behavior of deliberately act in

Deliberately acting in a way which cannot attain a wanted goal is: (w) rational behavior. (x) random behavior. (y) irrational behavior. (z) maximizing behavior. Can anybody suggest me the proper explanation for given problem regard

Q : Limitations of economic resources Hey

Hey friends please give your opinion for the problem of economic resources that is given below: Resources (factors of production) do NOT comprise: (i) entrepreneurship. (ii) competition. (iii) land. (iv) capital. (

Q : Explain about the Invisible hand of

The “invisible hand” of Adam Smith explained: (w) a large function for the government. (x) altruist motives within civilized society. (y) technological advances promoted through monopolies. (z) self correcting market mecha

Q : The closest illustration of a free good

Which would be the closest illustration of a free good: (1) A can of tuna bought along with food stamps, (2) dead leaves which require raking into fall, (3) water through a drinking fountain at a park, (4) a sample of soap acquired in the mail and (5)

Q : Human happiness in an economic problems

Can someone help me along with best solution about problem of economic that anything which adds to human happiness is an economic: (1) factor of production, (2) good, (3) commodity, (4) resource and (5) product? How can I solve my economics problems w

Q : Problem related to Income distribution

The necessary criterion for distribution asserts is that: (i) everyone requires a few luxuries to attain psychological balance. (ii) Output must be distributed in proportion to people’s requirements. (iii) Individual requirements will be met bes

Q : Uses of a theory in economic analysis

To be helpful in economic analysis, a theory should produce: (w) Realistic assumptions. (x) A consensus in between scientists. (y) Results which is not possible to disprove. (z) Predictions supported through real world data.

Discover Q & A

Leading Solution Library

Avail More Than 1435984 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1925045
Asked

3,689

Active Tutors

1435984

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment