Author Question: In 2008, a man was charged with one count of illegally stocking wild animals, a civil offense. ... (Read 119 times)

moongchi · **on:** Jun 29, 2018

In 2008, a man was charged with one count of illegally stocking wild animals, a civil offense.

State investigators had accused him of bringing 31 wild hogs from Texas to Wisconsin to hunt on his private land in 2002, spawning a feral hog population that has caused thousands of dollars in crop damage to hundreds of farms in the region. Can the Coase theorem apply in this example? Why or why not? A) No; because a large number of parties are involved
B) Yes
C) No; because transaction costs are low
D) No; because all property rights are clearly defined

Question 2

Consumption at points on a steeper part of the indifference curve will reflect a higher marginal rate of substitution than consumption points on a flatter part of the indifference curve.

Indicate whether the statement is true or false