At the Local Park There Is a Playground That Anyone

question 443

Multiple Choice

At the local park there is a playground that anyone may use. There is rarely anyone using the playground, so children who use the playground receive full enjoyment from its use. The playground is

• A)rival in consumption and is excludable.
• B)not rival in consumption, but is excludable.
• C)rival in consumption, but is not excludable.
• D)not rival in consumption nor is it excludable.

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Definitions:

Budget Constraint

The financial limit that defines the combination of goods and services a consumer can purchase with their income.

Submarine Sandwiches

A type of sandwich made from a long roll of bread split widthwise and filled with a variety of meats, cheeses, vegetables, and condiments.

Pizzas

A popular dish made from dough covered with tomato sauce, cheese, and various toppings, often baked in an oven.

Budget Constraint

The limit on the consumption bundles that a consumer can afford to purchase with a limited amount of income.