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

Author Question: If property taxes were increased in a city, what would be the most likely effect on residential ... (Read 57 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
If property taxes were increased in a city, what would be the most likely effect on residential rents after two or three months? They would probably
 
  A) fall.
  B) rise in proportion to taxes.
  C) rise more than in proportion to taxes.
  D) stay roughly unchanged.

Question 2

The figure above represents the production possibilities frontier for a country.
 
  a) The nation is currently producing at point B and wants to move to point C. What is the opportunity cost of the move?
  b) The nation is currently producing at point B and wants to move to point A. What is the opportunity cost of the move?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

frankwu0507

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

a) By moving from point B to point C, the production of automobiles decreases by 1 million, from 3 million to 2 million. The 1 million decrease in automobiles is the opportunity cost of the movement.
b) By moving from point B to point A, the production of cameras decreases by 3 million, from 3 million to 0 million. The 3 million decrease in cameras is the opportunity cost of the movement.


jrubin

  • Member
  • Posts: 552
Reply 2 on: Jun 29, 2018
:D TYSM

CAPTAINAMERICA

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Effect of pH on drug absorption: (a) a weak acid such as aspirin (ASA) is in a nonionized form in an Effect of pH on drug absorption: (a) a weak acid such as aspirin (ASA) is in a nonionized form in an
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
Insolation and the Greenhouse Effect Insolation and the Greenhouse Effect
Effect of increasing temperature or lowering deltGo+ on the rates of reactions Effect of increasing temperature or lowering deltGo+ on the rates of reactions
The Coriolis Effect The Coriolis Effect
The effect of gene–environment interaction The effect of gene–environment interaction
Video: Membrane Protein and Facilitated Transport (Passive Vs Active)

For a complete list of videos, visit our video library