This topic contains a solution. Click here to go to the answer

Author Question: Denise is thinking about setting up a butterfly garden in her backyard. She estimates that it will ... (Read 79 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
Denise is thinking about setting up a butterfly garden in her backyard. She estimates that it will cost her 2,000 to purchase and install special plants and an irrigation system to attract butterflies. The benefit she expects to receive is 1,800 . In addition, neighbor Billy will receive a benefit of 150 and neighbor Sammy will receive a benefit of 100 . From this, we can conclude that:
 a. butterflies are a negative externality for Billy and Sammy.
  b. Denise will set up the butterfly garden without any help from her free-rider neighbors.
  c. if Sammy refuses to contribute to the butterfly garden, he will be unable to enjoy its benefits if it is built.
  d. if Billy refuses to contribute to the butterfly garden, Denise will not have one.
  e. if Billy and Sammy contribute the amounts at which they value the butterfly garden, Denise will set it up.

Question 2

The reason individual homeowners usually do not hire a private contractor to fill the potholes on their street is because:
 a. it costs too much.
  b. the value to the neighborhood exceeds the cost of repair.
  c. others who use the street will be free riders.
  d. they do not trust the government.
  e. there are negative externalities associated with the repair.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Amiracle

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

e

Answer to Question 2

c




skymedlock

  • Member
  • Posts: 561
Reply 2 on: Jun 30, 2018
:D TYSM


alvinum

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

For a complete list of videos, visit our video library