Examlex

Solved

According to the Text, Which of the Following May Best

question 10

Multiple Choice

According to the text, which of the following may best describe the relationship between habits and goals?


Definitions:

Nonexcludable

A characteristic of a good or service that prevents individuals who have not paid for it from being easily excluded from its use or benefit.

Nonrival

A characteristic of a good or service where one person's use does not diminish its availability to others.

Marginal Cost

The increase in total production cost that arises from producing one additional unit of a good or service.

Public Good

A product or service that is provided without profit to all members of a society, either by the government or a private individual or organization.

Related Questions