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 97 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
YES! Correct, THANKS for helping me on my review

dyrone

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

(A) A 62-year-old patient with myxedema exhibiting marked edema of the face and a somnolent look. Th (A) A 62-year-old patient with myxedema exhibiting marked edema of the face and a somnolent look. Th
Nonpoint Sources of Pollution Nonpoint Sources of Pollution
In this cartoon, Boss Tweed welcomes cholera—a skeletal figure of death carrying a handbag from “Asi In this cartoon, Boss Tweed welcomes cholera—a skeletal figure of death carrying a handbag from “Asi
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Identical twins share 100 percent of their segregating genes. Identical twins share 100 percent of their segregating genes.
The Counteroffensive on Air Pollution The Counteroffensive on Air Pollution
Video: Major Elements in Biological Molecules: Proteins

For a complete list of videos, visit our video library