Spring is here, and jacques and his uncle would like to go fishing for the weekend in florida. jacques could either go to the river in town where anyone can fish without a permit, or he could drive up to a stream located on his family's property in the countryside to fish. assume that, no matter where people fish, all of the fish that are caught would be kept (that is, there is no "catch and release" policy).

common resources versus private goods spring is

the fish in the river are considered (rival in consumption/ nonrival in consumption) and (nonexcludable/ excludable) whereas the fish in the private stream are ( rival in consumption/ nonrival in consumption) and (nonexcludable/ excludable) . in other words, the fish in the river are an example of (a private good/ a club good/ a common resource/ a public good) , and the fish in the private stream are an example of (a private good/ a club good/ a common resource/ a public good).

fishing in the river will likely lead to (a natural monopoly/ the tragedy of the commons/ adverse selection) because of which of the following reasons?

a. all fishermen will choose to fish in the stream believing that there are more fish there.
b. nobody will enjoy fishing because of the lack of private contributions to the maintenance of the river.
c. anyone can fish in the river, and one person's fishing activity decreases the ability of someone else to fish with success.
d. all fishermen will choose to fish in the river because of the limited access to the stream.

Joe said “your speech was really great, i loved it.” his criticism lacks which component of effective feedback? a) he did not recognize his ethical obligations b) he did not focus on behavior c) he did not stress the positive d) he did not offer any specifics

Increases in output and increases in the inflation rate have been linked to

Imagine us is a startup that offers high definition 3d prenatal ultrasounds for high-end customers. the service process includes four activities that are conducted in the sequence described below. (the time required for each activity is shown in parentheses): activity 1: welcome a patient and explain the procedure. (20 minutes)activity 2: prep the patient (e.g., show them to the room, apply ultrasound gel). (17 minutes) (*your id number represents the amount of time needed to complete this task)activity 3: take images. (5 minutes)activity 4: discuss diagnostic with patient. (20 minutes)at each location there are employees (servers) s1, s2, and s3. the assignment of tasks to servers is the following: s1 does activities 1 and 2.s2 does activity 3.s3 does activity 4.a. what is the capacity of this process (in customers per hour)? b. suppose 3 patients arrive every hour on average. ignoring any “start of day” or “end of day” effects, what are the utilizations of all three servers (%)? c. suppose each activity can be done by any server and any server can do any set of activities. however, each activity is done by only one server. for example, a possible assignment includes: s1 does activity 1, s2 does activity 2, and s3 does activities 3 and 4. of course, the original assignment of servers to activities is also feasible. what is the maximum capacity of the process (in customers per hour)? d. now consider the capacity measures in (c) and (a), what is the percentage change? why can you improve capacity without using additional resources? (there is no free lunch, right? )note: for all hw assignments, show your process of getting the results. only providing the final answers is not acceptable and will get 0%. if necessary, use a separate sheet of paper to show your work.