Refer to Table 8-1 in Question 9. Suppose the cost to build the park is $24 per acre and that the residents have agreed to split the cost of building the park equally, as in Question 10. If the residents decide to build a park with size equal to the number of acres that maximizes total social surplus from the park, how much total surplus (i.e., net benefit) will Xavier receive? (enter just the number, no $)
Refer to Table 8-1 in Question 9. Suppose the cost to build the park is $24 per acre and that the residents have agreed to split the cost of building the park equally, as in Question 10. If the residents decide to build a park with size equal to the number of acres that maximizes total social surplus from the park, how much total surplus (i.e., net benefit) will Xavier receive? (enter just the number, no $)
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter12: Environmental Protection And Negative Externalities
Section: Chapter Questions
Problem 33CTQ: Is zero pollution possible under a marketable permits system? Why or why not?
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Refer to Table 8-1 in Question 9.
Suppose the cost to build the park is $24 per acre and that the residents have agreed to split the cost of building the park equally, as in Question 10. If the residents decide to build a park with size equal to the number of acres that maximizes total social surplus from the park, how much total surplus (i.e., net benefit) will Xavier receive? (enter just the number, no $)
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