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44. Excludables Goods - problems associated with Consider a good which provides benefits to a large number of people and excluding anyone from using the good is almost impossible. The market for this good will likely O be limited to a small number of units produced. O produce and consume too much of the good. O have a free-rider problem with people refusing to pay for consuming the good. O be provided by a private firm rather than the government. Save & Continue Continue without savingWhich of the following is an example of the Tragedy of the Commons? 0 Disney World becomes so crowded that it institutes a lottery for admissions O The number of satellites in space increases to the point where they begin running into each other hampering their ability to collect good quality data. 0 The number of professional football teams increases to the point where the quality of the games decreases, as does television viewership. O A tiger breeding program becomes so successful that local zoos have to build additional exhibits so that visitors can View the cats. Save & continue Continue without saving 46. Costs of Production - implicit costs An implicit cost 0 does not represent an opportunity cost. 0 requires a monetary outlay of funds. 0 does not require a monetary outlay of funds. 0 is not taken into account wile computing economic prot. Which of the following is an example of an implicit cost of attending college? 0 Expenditure on books. 0 Forgone earnings from working full time. 0 Food and housing expenses. 0 Tuition payments. In calculating economic profits, one needs to account for O either implicit or explicit costs. O only implicit costs. O only explicit costs. O both implicit and explicit costs