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
Is username alejandrovillarrealc cute
Answers (1)
What will happen to the trade balance and the real exchange rate of a small open economy when government purchases increase, as during a war? Does your answer depend on whether this is a local war or a world war?
Answers (1)
A company produces products at 2 plants each of which have a capacity of producing 75 units. 50 units of each product must be shipped to each of three customers. We know the cost of shipping a unit of the product from each plant to each customer.
Answers (1)
At December 31, 2020, Coronado Corporation has a deferred tax asset of $220,000. After a careful review of all available evidence, it is determined that it is more likely than not that $66,000 of this deferred tax asset will not be realized.
Answers (1)
12. What was the most important aspect of the southern economy in the late nineteenth and early twentieth centuries? a. Agriculture b. Textile mills c. Tobacco production d. Furniture making
Answers (1)
New Questions in Business
Each of the following decreases total stockholders' equity except a Entry field with incorrect answer all of these decrease total stockholders' equity. cash dividend. stock dividend. liquidating dividend.
Answers (1)
Leno Company sells goods to the Fallon Company for $10,000. It offers credit terms of 2/10, n/30. If Fallon Company pays the invoice within the discount period, Leno Company will record a debit to Cash in the amount of: A. $10,200. B. $10,000. C.
Answers (1)
How much do community college professors get paid?
Answers (1)
To determine the true cash balance Multiple Choice a. add bank collections of depositors' accounts receivable to the unadjusted book balance. b. subtract bank service charges from the unadjusted book balance. c.
Answers (1)
Buying inventory in large lots to take advantage of quantity discounts can be responsible for a high inventory turnover ratio. True/False
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?