Absence of government programs

Assignment Help Business Management
Reference no: EM131176924

Simon owns land along the shore of Lake Michigan. The following table describes the marginal benefits to tourists of recreating along his property (per person who has access for a day), as well as the marginal costs to Simon of more people getting access to the shore (due to litter, noise, and seeing other people on the shore).

NO. People

1

2

3

4

5

6

7

8

9

10

MB, People

150

110

80

60

40

25

10

-10

-30

-60

MC, Simon

10

20

30

40

50

60

70

80

100

125

1. If Simon could not limit access across his property to the shore or otherwise limit or influence tourists' behavior, how many people would go to the seashore? (Fractions of people cannot exist. Give a whole-number answer.) Explain your answer.

2. What is the efficient number of people to use Simon's shore?  (Fractions of people still cannot exist.  Give a whole-number answer.)  Explain your answer.

3. Now, Simon has the right and the ability to prevent people from using his property.  In the absence of government programs to control seashore access, is there any way that the efficient solution might be achieved?  If so, how?  If not, why not?

Reference no: EM131176924

Questions Cloud

Find two non-negative numbers : The sum of the square of the first plus twice the square of the second is
Determining the expected interest rate : Suppose the yield curve shows a one-year rate of 5.11% (i1,t = 5.11%), and a two-year rate of 4.87% (i2,t =4.87%), then, according to the expectations hypothesis, what is the expected interest rate on one-year rate note one year from now (ie­­­1,t+..
Quantity demanded goes up : In normal circumstances as income goes up the quantity demanded goes up. In such a case the good is called ?
Recommend two desired characteristics of board of directors : Recommend two desired characteristics of a board of directors. Provide support for your response, citing the ways in which these characteristics usually lead to effective corporate governance.
Absence of government programs : Now, Simon has the right and the ability to prevent people from using his property.  In the absence of government programs to control seashore access, is there any way that the efficient solution might be achieved?  If so, how?  If not, why not?
What should the lengths of the legs be : A right triangle is to have area 18 square inches. What should the lengths of the legs be, if the length of the hypotenuse is to be as small as possible?
Find a relevant historical event : What was the event in history or publication that trulymademytopicareal topic and Find a relevant historical event (or publication) that made the topic a real topic.
Why health care hospital need health information manager : Why would a health care clinic or hospital need a health information manager? How might having a designated manager help ensure privacy of patient records?
Create a justification report : Create the preliminary parts of the report that precede the Introduction- Create an introduction that tells what your report is about.

Reviews

Write a Review

Business Management Questions & Answers

  Delivered within health care includes legal

The foundation upon which excellence is delivered within health care includes legal, regulatory, and industry standards, as well as performance measurement and quality improvement. Research the Joint Commission Web site.

  Employee evaluation processdiscuss the employee evaluation

employee evaluation processdiscuss the employee evaluation process as it exists within your organization or one that

  Do you believe that progressive disciplinary systems

do you believe that progressive disciplinary systems work?show the meaning of progressive discipline. do you believe

  The talent shift: align your business with the future

The Talent Shift: Align Your Business with the Future

  How can employee development lead to career development

Management - Employee Development and Career Development - How can employee development lead to career development?

  National cranberry cooperative 1 develop a process flow

national cranberry cooperative 1. develop a process flow diagram for processing cranberries both wet and dry. show the

  Problems encountered with aggregate planning

Problems Encountered with Aggregate Planning - How do you think you would work this potential situation into planning?

  Addressing low employee moraleyou are the food services

addressing low employee moraleyou are the food services director of st. regis hospital with a staff of 135 employees.

  Problem regarding the project network and activity times

Problem 1: Consider the following project network and activity times (in days):

  Leadership model - what elements are essential in leadership

Leadership model - What elements are essential in good leadership and what are the characteristics of a good leader?

  Describe operational processes in manufacturing industries

Describe operational processes in both manufacturing and service industries, taking Assessment into account quantitative and technological aspects of operations management, 3 systems, supply chain and quality considerations.

  Show the nature of conflict among the stakeholders of

show the nature of conflict among the stakeholders of client organizations.discuss the nature of conflict among the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd