Equilibrium cost per park

Assignment Help Business Management
Reference no: EM131251956

Consider two Cubans, Jose and Sara. They each enjoy parks but to a different degree. MWTPJOSE = 9-2Q, while MWTPSARA = 6-Q. The MC of park provision is MC = 3+Q. Find the socially efficient number of parks, and the equilibrium cost per park (of park-provision). Consider that the regulator approaches Jose and Sara and asks each to contribute half that cost (as in marginal cost per park, not total). Jose will want ___ parks and Sara will want ___ parks. Will there be a market failure?

a) 3, 3, no
b) 3, 3, yes
c) 3.5, 2, no
d) 2, 3.5, no
e) 4, 4, yes

Reference no: EM131251956

Questions Cloud

Write an essay on an environmental issue position : During this course, many environmental issues will be examined in detail. The Final Report is a project that will give you an opportunity to focus on an area of interest to you.
Describes midpoint between extremes of excess and deficiency : When confronted with a moral dilemma, care ethics encourages us to consider: Which of the following is a key Aristotelian idea that describes a midpoint between extremes of excess and deficiency?
Find the dc value of the output voltage : The input to an envelope detector is an ergodic bandpass Gaussian noise process. The RMS value of the input is 2 V and the mean value is 0 V. The envelope detector has a voltage gain of 10.
Middle class having fewr opportunities : What is your opinion on what Fugazzi said about the middle class having fewr opportunities/jobs to fight over? (Article: Long - T erm Unemployment: The Economy's 'Secret Cancer')
Equilibrium cost per park : Consider two Cubans, Jose and Sara. They each enjoy parks but to a different degree. MWTPJOSE = 9-2Q, while MWTPSARA = 6-Q. The MC of park provision is MC = 3+Q. Find the socially efficient number of parks, and the equilibrium cost per park (of pa..
Who will i need to involve as participants in exploring : As it pertains to stakeholders, what are the risks and benefits of exploring this problem? Who will I need to involve as participants in exploring this problem? How will the possible outcomes of exploring this problem impact the stakeholders positive..
Us regulatory agencies less effective : Discuss one way in which globalization makes U.S. regulatory agencies less effective.
Human needs and desires are best met by cooperating : Justifications for punishment that appeal to beneficial consequences violate Kant's second variation of the categorical imperative. Human needs and desires are best met by cooperating with others.
Describe three interesting aspects about this culture : Describe three interesting aspects about this culture. -  Choose something about their everyday life (folkway), something about their religion (value), and something about their biggest taboo (more).

Reviews

Write a Review

Business Management Questions & Answers

  Business risks

Friedman and others argue that globalization is so prevalent that the world has become "flat." Do you agree? Why or why not?

  Illustrate what would this organization triple bottom line

Define the Triple Bottom Line concept. Illustrate what efforts toward the Triple Bottom Line have your organization or an organization of your choice implemented? Illustrate what would this organization's Triple Bottom Line comprise?

  Depth environmental analysis

III. External Audit• Industry analysis (Five Forces Model)• Opportunities and Threats (EFE Matrix)• Competitive Profile Matrix (CPM) and in depth environmental analysis

  Write an essay about business and administrator

Write an essay about Business and administrator. Information: Talk about personal experience about that major when I was in China.

  Innovation at international foods - describe obstacles

In discussion with Josh, Tonya foreshadows "some serious obstacles to overcome." Describe these obstacles in detail.

  Professionalism skills for workplace success

This exercise involves analyzing a communication technique-presentations. On a daily basis, it is often expected that professionals be proficient with presentations. For this exercise, prepare a PowerPoint presentation that serves as your own prof..

  Describe the concept of regional economic integration

Describe the concept of regional economic integration

  Sunflower incorporated analysis

Sunflower Incorporated - AnalysisWhat advice would you give Williams about the potential use of information technology for strategic advantage? About how to implement change?

  Research on team-based organizations

Write a three to five (3-5) page paper (excluding title and reference pages) regarding leading a team-based organization that includes the following: Introduction Research on team-based organizations.

  Problem of collinearity and multiple regression

Describe the potential problem of collinearity and multiple regression. How might a researcher test for collinearity? If collinearity is a problem, what should a researcher do?

  Planning and organizing budgeting

Planning- planning offers an organization an advantage to identify possible problems and to develop a course of action to alleviate those problems.

  Evaluate the strategy that led to the merger

For the corporation that has acquired another company, merged with another company, or been acquired by another company, evaluate the strategy that led to the merger or acquisition to determine whether or not this merger or acquisition was a wi..

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