The town council of the suburb of happy valley has, Ask an Expert

Economics

The town council of the suburb of Happy Valley has concluded that to breakeven from a fiscal point of view, a new housing unit must have a taxable value (v*) of $250,000. Land in Happy Valley currently sells for $40,000 an acre ( r). Using the rule of thumb discussed in class, what will the Happy Valley council set as the minimum lot size?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91725699

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