Question

In: Economics

Why might the "raining food” generated by Flint Lockwood's Diatonic Super Mutating Dynamic Food Replicator (or...

Why might the "raining food” generated by Flint Lockwood's Diatonic Super Mutating Dynamic Food Replicator (or the FLDSMDFR) be considered a public good?

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Expert Solution

ANSWER:-

Might the "raining food” generated by Flint Lockwood's Diatonic Super Mutating Dynamic Food Replicator (or the FLDSMDFR) be considered a public good:

  • The "raining food"created by Flint Lockwood's Diatonic Super Mutating Dynamic Food Replicator (or the FLDSMDFR) is an open decent.

Explanation:

An open average is described by two attributes.

1. non-excludability, and

2 . non-contention.

1). Non-excludability:

  • That is, it is immeasurable for one customer to dismiss others from using it (non-excludable). Similarly, when one individual is exhausting it, it doesn't shield others from eating up it (non-rival). For example, air. Air is uninhibitedly open to all, and everyone can breathe in it simultaneously.

2). Non-contention:

  • In case we apply this plan to FLDSMDFR, doubtlessly the "descending sustenance" is available to everyone at the same time, freed from cost, and no one is shielded from eating up it.It is as straightforwardly open to everyone as air. Along these lines, FLDSMDFR can be considered as an open fair.

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