Since a cell phone is a private good, if Neha chooses to spend $300 on a cell phone, Neha would get $300 of benefit from the cell phone and Teresa wouldn't receive any benefit from Neha's choice. If Neha still spends $300 on a cell phone and Teresa chooses to contribute $300 to the public park, Neha would still receive the $270 of benefit from Teresa's generosity. In other words, if Neha decides to keep the $300 for a cell phone and Teresa decides to contribute the $300 to the public project, then Neha would receive a total benefit of $300 $270

Question

13-03-2021
Business

contestada

Since a cell phone is a private good, if Neha chooses to spend $300 on a cell phone, Neha would get $300 of benefit from the cell phone and Teresa wouldn't receive any benefit from Neha's choice. If Neha still spends $300 on a cell phone and Teresa chooses to contribute $300 to the public park, Neha would still receive the $270 of benefit from Teresa's generosity. In other words, if Neha decides to keep the $300 for a cell phone and Teresa decides to contribute the $300 to the public project, then Neha would receive a total benefit of $300 $270

Respuesta :

Otras preguntas

Plant A i 5 centimeter tall and growing at a rate of 2. 5 centimeter per month. Plant B i 4 centimeter and growing at a rate of 4. 5 centimeter per month. When

What wa the challenge that the farmer faced when ettiing out to write the contitution, and how did they meet it

Khadia raie bee and ell honey. He give a dicount to hi neighbor. The table how price of ,n of buying honey that ha a regular price of r dollar

In the context of this poem, how are we changed by love? cite evidence from "the raven," from your experience, and from other works of literature or art.

A 6 -sided die with the numbers 1 to 6 on its faces is rolled and a ticket is drawn from a bag of 7 tickets labelled 1 to 7 . How many different ways can you ro

You need to clean your sidewalk with the hose and a certain amount of pressure is required. What are 2 ways you can increase the pressure coming from the hose?

According to milgram's study, under which of these conditions would the subject be most likely to stop shocking the learner?.

Kyle ran the width of a field, a ditance of 35 meter. Then he ran the length of the field, a ditance of 84 meter. Finally, he ran diagonally acro it to get back

In the new nazi curriculum, what were the most important subjects? check all that apply.

What is the sampling method that involves taking a random selection of people from a defined population?.

anthougo anthougo · Answer 1 · 2021-03-14T15:12:36+01:00

Answer:

In other words, if Neha decides to keep the $300 for a cell phone and Teresa decides to contribute the $300 to the public project, then Neha would receive a total benefit of:

$570.

Explanation:

Neha has, in this situation, maximized his benefits to the detriment of the public good. This is an illustration of the tragedy of the commons. The tragedy of the common is an economic problem that explains the loss that the society incurs when some persons like Neha neglect to contribute to the common good because they are solely concentrated on pursuing their individual goals for personal gains.