Business & Finance homework help
Although the marginal cost of producing a pure public good is always positive, some consumers can enjoy the benefits of pure public goods at zero marginal costs. Explain the apparent paradox, if one actually exists.
REPLY TO MY CLASSMATE’S RESPONSE TO THE ABOVE QUESTION AND EXPLAIN WHY YOU AGREE? (A MINIMUM OF 125 WORDS EACH POST)
CLASSMATE’S POST
Pure Public Good is a good that cannot be excluded from any one individual from consuming or utilizing Traffic Lights. Pure Public Goods are generally for all persons to consume and the ability to consume or not, does not deter another from consumption. This is generally done at no cost to the consumer vs Pure Private Good which does cost the consumer and could cause excludability based on ability or willingness. A Public Good remains constant, readily available equally to everyone whether rich or poor, made possible by those who pay taxes as well as those who pay no taxes. Traffic lights costs communities’ budgets thousands of dollars to power, repair, or install. Generally, these costs are covered with tax dollars. A paradox exists because whether you are walking, riding a bicycle, do not drive at all, or drive everyday of your life, traffic lights are there for the well-being of all persons no matter who you are but financed only at the costs of taxpayers.
REPLY TO MY CLASSMATE’S RESPONSE TO THE ABOVE QUESTION AND EXPLAIN WHY YOU AGREE? (A MINIMUM OF 125 WORDS EACH POST)
CLASSMATE’S POST
Pure Public Good is a good that cannot be excluded from any one individual from consuming or utilizing Traffic Lights. Pure Public Goods are generally for all persons to consume and the ability to consume or not, does not deter another from consumption. This is generally done at no cost to the consumer vs Pure Private Good which does cost the consumer and could cause excludability based on ability or willingness. A Public Good remains constant, readily available equally to everyone whether rich or poor, made possible by those who pay taxes as well as those who pay no taxes. Traffic lights costs communities’ budgets thousands of dollars to power, repair, or install. Generally, these costs are covered with tax dollars. A paradox exists because whether you are walking, riding a bicycle, do not drive at all, or drive everyday of your life, traffic lights are there for the well-being of all persons no matter who you are but financed only at the costs of taxpayers.
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