Which of the Following Best Explains Why It Is Sometimes

question 23

Multiple Choice

Which of the following best explains why it is sometimes efficient to charge a positive price for the use of some products such as museums,beaches,and roads?

• A)Since these products are non-excludable,it is sometimes efficient to charge a positive price.
• B)Once these products become congested they become rivalrous,marginal cost is positive,and a positive price is then efficient.
• C)Each person consuming the product has a positive marginal benefit and should therefore pay a positive price.
• D)Since these products are excludable,marginal cost is always positive,and a positive price is appropriate.
• E)Since these products are excludable and non-rivalrous,it is always efficient to charge a positive price.

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Definitions:

Productivity Improvement

Strategies or activities aimed at increasing the efficiency and effectiveness of a production process or workforce to yield higher outputs.

Quality Improvement

A systematic approach to making changes in processes, systems, or services to enhance their effectiveness, efficiency, or safety, often based on specific methodologies like Lean or Six Sigma.

Group Meetings

Gatherings of individuals or teams, usually within a work or organizational context, meant to discuss issues, make decisions, or provide information and updates.

Labor-Management Partnership

Collaborative efforts between a company's management and its labor force to increase productivity and competitiveness through shared decision-making.