Which of the following is a type of public good? tires cars highways gasoline No

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Which of the following is a type of public good? tires cars highways gasoline None of the above The "free-rider problem" refers to the fact that: government subsidizes the fares of many municipal mass-transit systems. government arbitrarily attaches excise taxes to a select list of goods and services. the benefits associated with public goods cannot be denied to those who are unwilling to pay for them. homeless people expect free rides on lynx buses. None of the above The law of diminishing marginal utility states that: total utility is maximized when consumers get the same amount of utility per unit (not per dollar) of each product consumed. beyond some point additional units of a product will yield less and less extra satisfaction to a consumer. price must be lowered to induce firms to supply more of a product. it will take larger and larger amounts of resources beyond some point to produce successive units of a product None of the above Cesar Saladino likes rum. The first shot ol rum yields him 18 units of utility; the second yields him 12 more units of utility. It ho drank a third Shot, his total utility from the 3 drinks would be 38 units of utility. The marginal utility of the third shot would be 38 units of utility. 30 units of utility. units of utility. zero, even though he still wouldn't be drunk None of the above Utility refers to the: satisfaction that a consumer derives from a good or service. rate ol decline In a product demand curve. relative scarcity of a product. phenomenon that made SUVs (sports utility vehicles) very popular. None of the above Suppose that Mu x/Pr exceeds Mu y/Py. "To maximize utility the consumer who is spending all her money Income should buy: less of X only if its price rises. more of Y only if its price rises. more of Y and less of x. more of X and less of Y.

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c c b c a d Hope this helps

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