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Author Question: An economist has estimated that the maintenance of a public park costs $25,000 a year and that the ... (Read 93 times)

Tazate

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on: Apr 19, 2019

An economist has estimated that the maintenance of a public park costs $25,000 a year and that the public park generates $30,000 a year in revenue for merchants near the park. From society's point of view, the maintenance of this park is


◦ inefficient because everyone in the community pays taxes to support the park, but only the merchants near the park benefit.
◦ inefficient because the additional revenues generated by the park are so low.
◦ potentially efficient because the value of the gains exceed the value of the costs.
◦ potentially efficient because no one would be made worse off as a result of maintaining the park.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Tazate on Apr 19, 2019

iceage

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Tazate

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Reply #2 on: Apr 19, 2019
TY


iceage

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Reply #3 on: Apr 19, 2019
You're welcome


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