State Whether the Function Is a Polynomial Function or Not $f ( x ) = \frac { 6 } { 5 } - \frac { 1 } { 5 } x$

question 310

Multiple Choice

State whether the function is a polynomial function or not. If it is, give its degree. If it is not, tell why not.
- $f ( x ) = \frac { 6 } { 5 } - \frac { 1 } { 5 } x$

• A) Yes; degree 0
• B) Yes; degree 5
• C) No; x has a fractional coefficient
• D) Yes; degree 1

Identify the characteristics of goods in terms of their excludability and rivalrousness in consumption.

Understand the concepts of externalities and public goods, including the free-rider problem.

Identify and differentiate among the four types of goods: private goods, public goods, common resources, and club goods.

Analyze the impact of public goods on market efficiency and the role of government intervention.