When Someone Enjoys the Benefit of a Good or Service

question 104

Multiple Choice

When someone enjoys the benefit of a good or service but does not pay for it,that person

• A) is a free range consumer.
• B) is a free rider.
• C) receives no marginal benefit from the good.
• D) must be consuming an excludable good.
• E) is contributing to the tragedy of the commons.

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Definitions:

Units

A measure of quantity used to express the amount of a product or service.

Unit Selling Price

The amount charged to the customer for a single unit of a product or service.

October Sales

Sales revenue generated during the month of October.

Units

In a business context, units refer to a measure of quantity, such as items produced, sold, or in inventory, used for operational and financial analyses.