A Producer Cannot at Low Cost Exclude People from the Benefits

question 97

Multiple Choice

A producer cannot at low cost exclude people from the benefits of

• A)computers.
• B)grapes.
• C)national defense.
• D)lumber.
• E)cars.

---

Definitions:

Feet

A unit of length in the imperial and US customary systems of measurement, equal to 12 inches or 0.3048 meters.

Costs

Expenses incurred in the process of producing or acquiring goods and services.

Latex Tubing

Flexible tubes made from latex, often used in medical, laboratory, and industrial settings.

Profit

The financial gain obtained when the revenues generated from business activities exceed the expenses, costs, and taxes associated with maintaining the business.