-Use the Above Table

question 266

Multiple Choice

-Use the above table. Assuming constant opportunity costs, the opportunity cost of producing a gallon of wine in France is

• A)0.33 pound of beef.
• B)0.5 pound of beef.
• C)2 pounds of beef.
• D)3 pounds of beef.

---

Definitions:

Public Good

A good or service offered to every member of a community free of charge, supplied either by the government or a non-profit private entity.

Excludable

A characteristic of a good or service that allows owners or producers to prevent its use by people who have not paid for it.

Nonpayers

Individuals who benefit from a good or service without contributing to its cost, often associated with public goods.

Nonrival in Consumption

A characteristic of some goods or services where one person's consumption does not reduce availability for others.