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

Author Question: An economist has estimated that the maintenance of a public park costs $25,000 a year and that the ... (Read 42 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Tazate on Apr 19, 2019

iceage

  • Guest
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.
Answer Preview
Only 25% of students answer this correctly


Tazate

  • Hero Member
  • *****
  • Posts: 532
Reply #2 on: Apr 19, 2019
TY


iceage

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


« previous next »
 

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Increasing Costs of Natural Disasters Increasing Costs of Natural Disasters
Luna Park at Coney Island was a vast living theater in which strollers were both spectators and acto Luna Park at Coney Island was a vast living theater in which strollers were both spectators and acto
De novo and maintenance methylation of DNA and the effect of 5’-azacytidine upon DNA methylation De novo and maintenance methylation of DNA and the effect of 5’-azacytidine upon DNA methylation
One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ... One year ago, Christos bought 1000 units of the Dominion Aggressive Growth Fund at $20.35 per ...
Video: Resting membrane potential - electrical polarity and maintenance requirements

For a complete list of videos, visit our video library