The Fact That My Consumption of a Public Good Does

question 19

Multiple Choice

The fact that my consumption of a public good does not diminish your consumption is called ________ and the fact that once a public good is made available to one individual it automatically becomes available to all is called ________.

• A)non-exclusion;non-rivalness
• B)non-rivalness;free-riding
• C)free HYPERLINK "" Error! Hyperlink reference not valid.access;non-exclusion
• D)non-rivalness;non-exclusion

---

Definitions:

Diminishing Returns

Diminishing Returns is an economic principle stating that as more investment is made in a particular area, the rate of profit from that investment, after a certain point, begins to decrease.

Total Labor Units

The total quantity of labor hours or labor efforts utilized in the production of goods or services.

Frames Per Day

A measure of productivity in animation or film production, indicating the number of frames produced in a single day.

Wage

The fixed regular payment earned for work or services, typically paid on a daily or weekly basis.