Question: When a toll road is not congested, it is O it is non rival and non excludable in consumption O it is rival and non

When a toll road is not congested, it is O it is non rival and non excludable in consumption O it is rival and non excludable in consumption O it is rival and excludable in consumption O non rival and excludable in consumption

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

When a toll road is not congested, it is it is non rival and non excludable in consumption it is rival and excludable in consumption non rival and excludable in consumption it is rival and non...

The Mass Pike is a toll road that is congested only during rush hour. During other times of day, the use of the highway is not ________, so the efficient toll is ________. a. excludable; higher b....

Route 66 is a toll road that is congested only during rush hour. During other times of day, the use of the highway is not _________, so the efficient toll is _________. a. excludable; higher b....

Question 1 Matt is shopping for a new soccer ball. He can find one $20 at the convenience store right next to his downtown rental home. However, if he drives for half an hour (one-way) to the...

If one road between Connecticut and Maryland has four sections that are: Section 1 is an uncongested non - toll road. Section 2 is a congested non - toll road. Section 3 is an uncongested toll road....

1.Government policy can potentially raise economic well-being a. in all markets for goods and services. b. in economic models, but not in reality. c. when a good does not have a price attached to it....

Use the following classification to determine which category each of the following goods falls into. The image shows a two-by-two matrix with or without rivalry in consumption on the one hand and...

1. Problems and Applications Q1 Use the following classification to determine which category each of the following goods falls into. The image shows a two-by-two matrix with or without rivalry in...

8. Look at the graph below. Assume that the x-axis is soda and the y-axis is All Other Goods. Explain what happens according to the graph when we put the $0.25 tax on soda. (5 points) Where do we end...

Discuss the internal postproject evaluation process and the two types of meetings involved.

Among the activities of Calabash County for the fiscal year beginning July 1, 2005, and ending June 30, 2006, were the following: 2005 July 1 Approved the annual budget for the Gasoline Tax Special...

2.64 Interest centers around the life of an electronic component. Suppose it is known that the probability that the component survives for more than 6000 hours is 0.42. Suppose also that the...

The Section 1 9 9 A qualified business income deduction is not available to C Corporations.

4. Select a person you want to model. Choose what you want to model in this person, such as relationship skills. a. Observe what he does and how he does this in relationships with others. b. Try to...

2. Start with a person you want to model. a. Use the five positions to investigate how this person positions himself in relation to others, i.e. how he uses the five positions in his interaction with...

1. Start with a leader that you want to model. a. What is the stated purpose of this person? b. What is the vision of this person? c. How does he seek to achieve his purpose and vision? d. What does...