Asked by Growing with Hussein on May 01, 2024
Verified
If one person's enjoyment of the benefits of a good does not interfere with another's consumption of it, the good is
A) excludable.
B) nonexcludable.
C) rival in consumption.
D) nonrival in consumption.
Nonrival Consumption
A situation where one individual's consumption of a good does not reduce the amount available for consumption by others.
- Categorize goods into four distinct groups: rival versus nonrival and excludable versus nonexcludable, highlighting the differences among them.
Verified Answer
ZK
Zybrea KnightMay 05, 2024
Final Answer :
D
Explanation :
Nonrival in consumption means that one person's use of a good does not reduce its availability for others, which matches the description given.
Learning Objectives
- Categorize goods into four distinct groups: rival versus nonrival and excludable versus nonexcludable, highlighting the differences among them.
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