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-Use the drawing to explain the following theorem.
"The total area of a right circular cylinder with base area B and lateral area L is given by ."
Private Goods
Goods that are excludable and rivalrous in consumption, meaning their use by one person diminishes availability for others and access can be restricted.
Rival Consumption
A situation in which one person's consumption of a good or service diminishes others' ability to consume the same good or service.
Excludable
A characteristic of a good or service that allows its owner to prevent others from using it without permission.
Nonexcludable
A characteristic of a good or service whereby individuals cannot be effectively excluded from using it, often resulting in public goods.
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