What Are the Two Features of a Public Good

question 15

Multiple Choice

What are the two features of a public good?

• A) nonrival and excludable
• B) nonrival and nonexcludable
• C) rival and excludable
• D) rival and nonexcludable

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Definitions:

Gross Margin Ratio

A financial ratio that measures a company's financial health, calculated by subtracting the cost of goods sold from net sales and dividing by net sales.

Sales Revenue

The total amount of money received by a company from sales of goods or services before any expenses are subtracted.

Cost of Goods Sold

Expenses specifically related to producing the merchandise a company markets.

Acid-test Ratio

A financial metric that measures a company's ability to pay off its current liabilities with its quick or liquid assets.