If the taxes are set so that each resident shares the cost, Ask an Expert

Economics

Q. Andrew, Beth also Cathy live in Lindhville. Andrew's demand for bike paths, a public good, is given by Q=12-2P. Beth's demand is Q=18-P also Cathy's is Q=8-P/3. The marginal cost of building a bike path is MC=21. The town government decides to use the subsequent procedure for deciding how so many paths to build. It asks each resident how so many paths they want also it builds the largest number asked for by any resident. To pay for these paths, it After that taxes Andrew, Beth also Cathy the costs a+b+c=MC. The residents know these tax rates before stating how so many paths they want.

A. If the taxes are set so that each resident shares the cost evenly (a=b=c), how so many paths will get built?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M9171806

Have any Question?Write your Review or question?

Related Questions in Business Economics

In the following five scenarios h0 alpha the obtained

In the following five scenarios, H0, α, the obtained probability (p-value), and the true status of H0 are given. Assume that our test statistic follows a standard normal distribution. Do the following: (a) State whether ...

Under the trade model with external economies of scale is

Under the trade model with external economies of scale, is it possible for a country to be worse off with trade than it would have been without trade? Justify your answer.

A research group needs to determine a 90 confidence

A research group needs to determine a 90% confidence interval for the mean repair cost for all car insurance small claims. From past research, it is known that the standard deviation of such claims amounts to $124.88. (a ...

Imagine a small city chambana with a labor demand function

Imagine a small city Chambana with a labor demand function E=200-1/2w and a labor supply function E=2w-100. Assume that there is a sudden influx of 40 perfect substitutes immigrants. a. How does this affect the natives i ...

Given the probability distribution functionx 0 1

Given the probability distribution function: x 0 1 2 Probability 0.25 0.50 0.25 a. Graph the probability distribution function. b. Calculate and graph the cumulative probability distribution. c. Find the mean of the rand ...

Discuss how organizations can use their private power for

Discuss how organizations can use their "private power for public good"?

Question 1 the toronto blue jays raises ticket prices from

Question 1: The Toronto Blue Jays raises ticket prices from $100 to $120 per seat and experience a decline in ticket sales from 12000 to 10000 per game. i) What is the elasticity of demand for tickets? ii) Assuming the m ...

Size of accounts receivable lo1 the arizona bay corporation

Size of Accounts Receivable [LO1] The Arizona Bay Corporation sells on credit terms of net 30. Its accounts are, on average, four days past due. If annual credit sales are $9.75 million, what is the company's balance she ...

A national report indicates that the mean and standard

A national report indicates that the mean and standard deviation of the ACT scores of incoming freshman at American public universities are 24.6 and 6.2, respectively. A sample of 30 incoming freshmen at a small, suburba ...

Consider the following series of paymentsyear 0 20year 1

Consider the following series of payments: Year 0: 20 Year 1: 30 Year 2: 40 Year 3: 10 Year 4: 5 Using an interest rate of 10%: a. What is the present value of this series of payments? b. What is the future value of this ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert