You Land Your Inflatable Boat on a Sandbar at High

question 91

Multiple Choice

You land your inflatable boat on a sandbar at high tide in Southeast Alaska,which has a large semi-diurnal tide.You intend to be away from the boat for 12 hours,but come back early after only 8 hours.Your boat is,unfortunately,400m from shore.How long will you have to wait to be able to use your boat (assuming you can't carry it) ?

• A)12 hours and 25 minutes
• B)6 hours and 12 minutes
• C)6 hours
• D)4 hours and 25 minutes

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Definitions:

Positive Externality

A benefit that affects a party who did not choose to incur that benefit, often associated with public goods or services that extend beyond the direct participants in an economic activity.

Rival in Consumption

Refers to a situation where the consumption of a good by one individual prevents or diminishes its consumption by another.

Club Goods

Goods that are excludable but non-rivalrous, meaning they can be accessed by members of a specific group but one person's use does not diminish availability for others.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be used by everyone and one person's use does not reduce availability for others.