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

Author Question: Suppose residents of Toadhop live on the Quabache River, a river prone to flooding. Suppose there ... (Read 147 times)

ENagel

  • Hero Member
  • *****
  • Posts: 540
on: Jul 1, 2018
Suppose residents of Toadhop live on the Quabache River, a river prone to flooding. Suppose there are 1000 (type A) people who value flood control more than the 1000 (type B) people. Type A Demand QD = 100  P Type B Demand QD = 50  P Where Q measures the quality of flood control. If the price of a unit of flood control is 100,000 and the citizens of Toadhop gather for a townhall meeting to find the socially optimal level of flood control, and they are successful, how much will each type B individual contribute in total?
 a. 1875
  b. 1500
  c. 875
  d. 625

Question 2

Suppose residents of Toadhop live on the Quabache River, a river prone to flooding. Suppose there are 1000 (type A) people who value flood control more than the 1000 (type B) people. Type A Demand QD = 100  P Type B Demand QD = 50  P Where Q measures the quality of flood control. If the price of a unit of flood control is 100000 and the citizens of Toadhop gather for a townhall meeting to find the socially optimal level of flood control, and they are successful, how much will each type A individual contribute in total?
 a. 1875
  b. 1500
  c. 875
  d. 625


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jessicaduplan

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

a


ENagel

  • Member
  • Posts: 540
Reply 2 on: Jul 1, 2018
:D TYSM

ebonylittles

  • Member
  • Posts: 318
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Tropical rain forest in Borneo. Within the three-dimensional framework of tropical rain forests live Tropical rain forest in Borneo. Within the three-dimensional framework of tropical rain forests live
A diversity of species live within the soils, the ecology of which remains to be explored. A diversity of species live within the soils, the ecology of which remains to be explored.
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
The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
A Global Bloom: Cities With Over One Million Residents A Global Bloom: Cities With Over One Million Residents
Prone position. Placement of bolsters under ankles and shoulders, head supported by face cradle. Prone position. Placement of bolsters under ankles and shoulders, head supported by face cradle.
Video: Stroke volume - preload, sarcomere length and Frank -Starling law

For a complete list of videos, visit our video library