Bill owns 3 acres of beautiful wooded land. He has created a short walking trail through the woods. Because the terrain is hilly, the only safe entrance to the trail is at the front of Bill's property. When Bill decides to move to be closer to his grandchildren, he donates the land to the state with the understanding that the land will be used as a state park. Because the trail is short, only about 50 people can comfortably enjoy it. This state park is an example of a good that isa. both rival in consumption and excludable.b. neither rival in consumption nor excludable.c. nonrival in consumption and excludable.d. rival in consumption and nonexcludable.

Since Bill has donated his land to the state and it is to become a state park, it is a non-excludable service/park because people do not need to pay to enjoy it. However, it is a rival in consumption park because if more than 50 people show up at a time, they will not be able to comfortable enjoy the park and there will be the need to restrict how many people can utilise the park at any point in time to about 50

A good or service is designated Rival in Consumption if there is a limit to the number of persons who can consume the good or enjoy the service at a particular point in time.

A good or service is designated non-excludable when it is free for consumption meaning people cannot be stopped from consuming a good or enjoying a service even when they are not paying for it. An excludable good on the other hand means the supplier of the good or service can prevent or restrict consumption based on laid down criteria including payment before consumption.

nikitavidya0 nikitavidya0 · Answer 2 · 2021-12-13T11:02:37+01:00

The state park is an example of a rival in consumption and non-excludable public goods.

The rival in consumption states that one customer has the ability to reduce or eliminate another customer from the use of the public good. Similarly, non-excludable goods imply that no customers could be restricted from goods consumption and thus, is available for all even if they cannot afford it.

Therefore, the state park has the potential to include only 50 people in it, which makes it rival consumption. However, the state park is owned by the governing authorities, which makes it available for all people.

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