Ask Question
BusinessBusiness
7 September, 05:06

A traffic light at an intersection is

a. rival and excludable in consumption.

b. not rival but excludable in consumption.

c. rival but not excludable in consumption.

d. not rival and not excludable in consumption.

+4
Answers (1)
  1. 7 September, 05:28
    0
    The correct answer is option d.

    Explanation:

    A traffic light at an intersection is a public good. Its consumption is neither rival nor excludable. More than one person can use a traffic light at the same time and it will not reduce the consumption of the other person. So we can say its consumption is non-rival in nature.

    Its consumption is also non-excludable as you cannot stop a person from using traffic lights.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A traffic light at an intersection is a. rival and excludable in consumption. b. not rival but excludable in consumption. c. rival but not ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Unearned revenue a. is recorded when services have been performed for the customer. b. is recorded in an asset account (other than cash) when cash is received. c. represents future revenue. d. All of these choices are correct.
Answers (1)
Formal analysis is the analytical approach primarily concerned with:
Answers (1)
Jason was conducting an evaluation of a restaurant waitress. he sat at the table with a list of things to observe in front of him, and the waitress noticed that he was assessing her every move.
Answers (1)
The reserve requirement is 10% and Jack withdraws $5,000 travel money from his checkable deposit. Assume that banks do not hold any excess reserves and that the public holds no currency, only checkable bank deposits.
Answers (1)
Match each feature with the savings account type. Basic Savings Acount Cd allows money transfers has a maturity date allows ATM withdrawals offers a higher interest rate
Answers (1)
New Questions in Business
Which of the following is an example of how the principle of beneficence can be applied to a study employing human subjects? Ensuring that the selection of subjects includes people from all segments of the population.
Answers (1)
Match the following definitions with the correct term 1. Delocalization of food production and consumption connections 2. The process of learning culturally specific preferences passed from generation to generation 3.
Answers (1)
Adobe Systems Incorporated reported the following accounts and amounts (in millions) in its financial statements for the year ended November 30, 2013.
Answers (1)
A Trek Cycles manufactures and sells bicycles to retailers. The X-1 model sells for $500 and has per-unit variable costs of $300 associated with its production. The company has fixed expenses of $30,000 per month.
Answers (1)
A firm supplies aircraft engines to the government and to private firms. It must decide between two mutually exclusive contracts. If it contracts with a private firm, its profit will be $2 million, $1 million, or - $1 million with probabilities. 25,.
Answers (1)
Home » Business » A traffic light at an intersection is a. rival and excludable in consumption. b. not rival but excludable in consumption. c. rival but not excludable in consumption. d. not rival and not excludable in consumption.
Sign Up Forgot Password?