prices and/or wages fully reflect the benefits 8 eling up why not? 2. Oxana is conducting research on the demand for cleaner air in Novosibersk Sh notices that the Ministry of Housing built many identical dwellings around the city Why or V 20OLCIMOO :S Problems 175 CbkICE WE approximately the same distance from the center. The only difference is the average level of air pollution. She notes the following rental prices and air pollution levels for these dwellings:Mard bord lfa dbotgedtan ttst S 21 lzab IS1G Pollution level (ug/m3) totheilog de Rent (R/month) red Brw nobollog sd) 30 497 frq dns: orbac 1ithster tr 50 492 2.80T8L B bos s0ovi 4 2 dob 70 485 (12:97 2010 1a2ur e1 e159u0 ebip 475 455 90 199 to 0fm 709 8010 boulbisd or tof 120 10 150 430 200 375 bumgye me d:20 120126fX 0 250 305 300 219 Mioibcoe Plot the relationship between pollution levels (on the horizontal axis) and rent (on the vertical axis). On a separate graph, plot the relationship between pollution levels (on the horizontal axis) and the marginal valuation of pollution implicit in the relation- ship between rents and pollution levels (on the vertical axis). T0

prices and/or wages fully reflect the benefits 8 eling up why not? 2. Oxana is conducting research on the demand for cleaner air in Novosibersk Sh notices that the Ministry of Housing built many identical dwellings around the city Why or V 20OLCIMOO :S Problems 175 CbkICE WE approximately the same distance from the center. The only difference is the average level of air pollution. She notes the following rental prices and air pollution levels for these dwellings:Mard bord lfa dbotgedtan ttst S 21 lzab IS1G Pollution level (ug/m3) totheilog de Rent (R/month) red Brw nobollog sd) 30 497 frq dns: orbac 1ithster tr 50 492 2.80T8L B bos s0ovi 4 2 dob 70 485 (12:97 2010 1a2ur e1 e159u0 ebip 475 455 90 199 to 0fm 709 8010 boulbisd or tof 120 10 150 430 200 375 bumgye me d:20 120126fX 0 250 305 300 219 Mioibcoe Plot the relationship between pollution levels (on the horizontal axis) and rent (on the vertical axis). On a separate graph, plot the relationship between pollution levels (on the horizontal axis) and the marginal valuation of pollution implicit in the relation- ship between rents and pollution levels (on the vertical axis). T0

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter7: Market Efficiency And Welfare

Section: Chapter Questions

Problem 2P

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