Question

Under which of the following scenarios would a park be considered a public good? a. Visitors to the park must pay an admittance fee, but there are always plenty of empty picnic tables. b. Vistors to the park must pay an admittance fee and frequently all of the picnic tables are in use. c. Visitors can enter the park free of charge and there are always plenty of empty picnic tables. d. Visitors can enter the park free of charge, but frequently all of the picnic tables are in use.

Answer 1

A park would be considered a public good when visitors can enter the park free of charge and there are always plenty of empty picnic tables available option C is correct.

Step-by-step explanation:

The correct scenario out of the given options in which a park would be considered a public good is option c. Visitors can enter the park free of charge and there are always plenty of empty picnic tables.

A public good is defined as a good or service that is non-excludable and non-rivalrous. Non-excludable means that it is impossible or very costly to exclude someone from using the good, and non-rivalrous means that one person's use of the good does not diminish its availability to others.

In option c, the park is freely accessible to all visitors without any admission fee, which meets the non-excludable criterion. Additionally, since there are always plenty of empty picnic tables available, one person's use of a table does not diminish its availability for others, fulfilling the non-rivalrous criterion.

Answer 2

Answer: c. Visitors can enter the park free of charge and there are always plenty of empty picnic tables

Step-by-step explanation:

One of the aim of having a park is to accommodate people in large amount, who would come together to have fun individually or in groups depending on personal choices or their purpose for going there. A park would be considered a public good when it's able to accommodate people free of charge and making options for tables for them to hangout, this makes it generally okay for the public.