An Example of a Good That Is Nonrival in Consumption

question 119

Multiple Choice

An example of a good that is nonrival in consumption is

• A) a music CD.
• B) a radio broadcast of a song.
• C) a ticket to a concert.
• D) a guitar.

Understand basic statistical computations such as average, standard deviation, and range for given data sets.

Understand the selection of appropriate measures of central tendency in various contexts.

Understand the principles behind sample and population characteristics, including parameters and statistics.

Understand the calculation and interpretation of variance and its relevance to data scatter.

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Definitions:

Photoreceptor

Sensory receptor that responds to light stimuli.

Proprioceptor

Class of mechanoreceptor responsible for maintaining the body’s equilibrium and posture; involved in reflex actions.

Organ of Corti

The sensory organ located within the cochlea of the inner ear, responsible for converting sound vibrations into nerve impulses.

Retina

A layer at the back of the eyeball containing cells sensitive to light, which trigger nerve impulses that pass via the optic nerve to the brain.