There are two parking lots near the local gym in a certain suburb - the silver parking lot and the gold parking lot. The silver parking lot is free and has 85 parking bays. The gold parking lot, on the other hand, has a parking attendant present where drivers are required to pay $3.50 per hour. The gold parking lot however has only 25 parking bays. Which of the following statements is true? The silver parking lot is considered a public good. The gold parking lot is considered a collective good. The silver parking lot is non-rivalrous in nature because there are many available parking slots. Both parking lots are rivalrous in nature. The gold parking lot is excludable in nature because it has a limited parking capacity relative to the silver parking lot.

Marco runs an organic cafe in the middle of an industrial office zone. He has a lot of customers with only 6 allocated car parking spaces for them. Often, his customers use the car parks designated for clients at Eloise’s architectural studio nearby. Marco’s cafe does not produce any negative externalities. Marco’s cafe creates a negative externality for Eloise’s architectural studio. To be socially efficient, Marco needs to pay for more car spaces near his cafe. Which of the above statements are true: Only 1 is true. Only 2 is true. Both 1 and 2 are true. Both 2 and 3 are true. All three are true.

6  In 2012 the local government of a city decided to increase parking charges for motorists. It was intended to raise money to correct a deficit in the local government’s budget. The local government said if they did not increase charges they would not be able to provide all their current services. Businesses complained about the likely loss of revenue if parking charges were increased.Which concepts does this statement involve?1 pointA inflation and the private sectorB opportunity cost and public expenditureC private benefit and the free marketD unlimited resources and a centrally planned economy

Wesley Hospital installs a new parking lot. The paving cost $40,000 and the lights to illuminate the new parking area cost $25,000. Which of the following statements is true with respect to these additions?Group of answer choices$40,000 should be debited to the Land account.$65,000 should be debited to the Land account.$25,000 should be debited to Land Improvements.$65,000 should be debited to Land Improvements.

Out of 80 families in a small grouped society; 60 preferred open parking, 53 preferred basement parking, and 35 preferred both parking. Find the number of families that do not take any parking.Question 19Answera.8b.25c.7d.2Clear my choice

The campus parking authority’s claim that the university is losing substantial revenue each semester by allowing commuting students to park on campus for free is clearly false. Nearly all students who commute to campus live close enough to the university to easily walk there. Hence, the revenue generated by a pay-to-park system would actually be quite small, since ______________ . Which of the following most logically completes the argument?(1 Point)only full-time students would be required to purchase parking permits.most people who currently commute would rather walk to school than pay to park on campus.enforcement of parking restrictions would require the hiring of many additional parking authority employees.the university receives the majority of its revenue from charitable donations.most of the free parking areas that are currently being used by students would be converted to paid parking areas.