Problem 8 Are the following goods non-riva... [FREE SOLUTION]

Chapter 13: Problem 8

Are the following goods non-rival in consumption? a. slice of pizza b. laptop computer c. public radio d. ice cream cone

Short Answer

Expert verified

Only public radio is non-rival in consumption. The consumption of a slice of pizza, a laptop computer, and an ice cream cone by one person prevents others from consuming the same item, making them rival goods.

Step by step solution

1. Determine the Non-RivalGood - Slice of Pizza

A slice of pizza is a tangible item. When a person consumes a slice of pizza, the item is gone, and another person can no longer consume it, making it a rival good. So, a slice of pizza is \(\underline{not}\) non-rival in consumption.

2. Determine the Non-Rival Good - Laptop Computer

A laptop computer is also a tangible item. If one person uses a laptop, it does not prevent others from using other laptops, but they cannot utilize the same laptop at the same time. This makes a laptop computer a rival good. Hence, a laptop computer is \(\underline{not}\) non-rival in consumption.

3. Determine the Non-Rival Good - Public Radio

Public radio broadcasts are public goods. Many people can listen to a public radio program without preventing others from doing so. Therefore, public radio programs are considered non-rival goods as one person's consumption of it does not affect the availability for others. So, public radio is \(\underline{non-rival}\) in consumption.

4. Determine the Non-Rival Good - Ice Cream Cone

An ice cream cone is a tangible item similar to a slice of pizza. When a person consumes an ice cream, it is gone, and another person cannot consume the same ice cream cone. Thus, it is considered a rival good. Therefore, an ice cream cone is \(\underline{not}\) non-rival in consumption.