This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Two cities face identical prices for their housing. City A decided to be a pollution free city Clean ... (Read 87 times)

tsand2

  • Hero Member
  • *****
  • Posts: 520
on: Jul 1, 2018
Two cities face identical prices for their housing. City A decided to be a pollution free city Clean town and all the factories would locate in city B Smogville, in equilibrium, we expect to see
 a. a compensating differential between the prices of housing between the two cities
  b. the prices of housing in both the cities to be identical
 c. The prices of housing in B to be higher
 d. All of the above

Question 2

In an auction where the bidders values are 740, 700, 660, 650, 400, 325 and 300, the highest three bidders decide to form a bid-rigging cartel. What would the winning bid have been without the cartel?
 a. 741
  b. 701
  c. 661
  d. 631


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

zenzy

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

b


tsand2

  • Member
  • Posts: 520
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Free-roaming mustangs (Utah, 2005) Free-roaming mustangs (Utah, 2005)
Pronation and Supination Pronation–Lying prone (face downward); also turning the palm downward. Supi Pronation and Supination Pronation–Lying prone (face downward); also turning the palm downward. Supi
Vapocoolant spray application while passively stretching the paracervical muscles. Take care to prot Vapocoolant spray application while passively stretching the paracervical muscles. Take care to prot
In a project on job discrimination, Pager prepared identical résumés for the teams, but with one ... In a project on job discrimination, Pager prepared identical résumés for the teams, but with one ...
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
Locations of key energy meridians and acupoints for the back, shoulder, arm, neck, head, and face. Locations of key energy meridians and acupoints for the back, shoulder, arm, neck, head, and face.
Video: Structures that affect circulation - kidneys and blood volume and skeletal muscle pumping

For a complete list of videos, visit our video library