FlightCar Addresses Which Major Challenge

question 17

Multiple Choice

FlightCar addresses which major challenge?

• A)Airport parking
• B)Catching a cab
• C)Generating revenue from unused vehicles
• D)Heavy traffic in large cities

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Definitions:

Excludability

A characteristic of a good or service that allows owners or producers to prevent others from using it without permission.

Marginal-cost-marginal-benefit Rule

A principle suggesting that optimal decision making involves continuing an activity until the additional benefits no longer exceed the additional costs.

Cost-benefit Analysis

A systematic approach to estimating the strengths and weaknesses of alternatives used to determine options that provide the best approach to achieve benefits while preserving savings.