The following hedonic equation incorporates five attributes: dwelling size, job access, school quality, air quality, and crime: V = P, · B+ P,• J +P3•S+Pa · A + Pc·C P, is the price of component J, B is the number of bedrooms, J is the distance to a concentration of jobs, S is the average test score of local schools, A is a measure of air quality, and C is the neighborhood crime rate. Which of the following is true? a. All Ps are positive b. Ps for {B, S, A, J} are positive, and Ps for {C} are negative. c. Ps for {B, S, A} are positive, and Ps for {J, C} are negative. d. Ps for {B, J, S} are positive and Ps for {A, C} are negative.
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- You have been tasked with developing a research report based on an economy of your choice anywhere in the world. The economy you select should be a growing economy or an economy that has experienced growth at some stage in its development. Present the finding of your research under the following headings. DETERMINANTS OF DEMAND Identification and in-depth discussion of the determinants of demand that have led to an increase in market demand in one of the critical industries in your chosen economy. (Make reasonable assumptions where necessary). (250 - 300 words)This is not a writing assignment, this is a multiple-choice question Of the following, in which case have the incentives been correctly placed to produced the desired results? Group of answer choices To protect the beautiful beach it is made communal property that belongs to everyone, together, and to no one individually. Each person using the beach thinks that the beach belongs to him/her, but when leaving the beach leaves his/her trash around for someone else to pick up, because the beach really belongs to everyone. Rent control forces the price of apartments below the market rate to make apartments more affordable, but has no income restriction requiring the lower priced apartments to be rented out to low income people. Rent control always results in shortage. Landlords prefer to rent out their few available apartments to people with assured income and small families. A piece of communal property is parceled out to many families, and each family receives a plot in which to…TRUE or FALSE 31. For urbanization to be economically sound, there must be efficient urban scaling. 32. Urbanization generally rules out the use of labor-intensive technology. 33. In every place, rural or urban, there are formal and informal sectors. 34. Philippine history reflects that Quezon City enjoyed the first city bias so does Baguio City. 35. Urban bias does not affect all the milieus of a nation’s life. 36. Urban giantism is a natural phenomenon that cannot be prevented or controlled. 37. When the quality of education is not a direct impact of urbanization, then good quality education outside urban centers plays a crucial role in rural development. 38. Higher increases in wages in urban centers assure an increase in the laborers’ efficiency in these urban centers. 39. Human resource planning is required to reduce job mismatch, underemployment, unemployment, and all other economic problems.…
- provide full solution and explainationChoice of a neighbourhood is a function of economic parameters like income, wealth, and occupation. Social factors such as religion, caste, other group identity etc. also influence the decision of where to live. Demographic factors such as constituents of the family and number of dependent members are also important. Family with more number of kids is likely to prefer housing in an area with educational institutions. Similarly, family with more number of elderly will prefer a place where medical assistance can be quickly reached. Choice of neighbourhood becomes extremely important, as it affects the quality of life in a large way. There are external effects of neighbour’s behaviour on one’s life style. If the neighbours are very social and of high moral values, there are no clashes and disturbances. However, if one is not lucky enough to have a good and understanding neighbour, things can come to a level, where there can be fights and legal suites. One such example happened in my…Please answer question 3 a and b b.A clothing manufacturer makes trousers, skirts and blouses. Each trouser requires 20 minutes of cutting time, 60 minutes of sewing time and 5 minutes of packaging time. Each skirt requires 15 minutes of cutting time, 30 minutes of sewing time and 12 minutes of packaging time. Each blouse requires 10 minutes of cutting time, 24 minutes of sewing time and 6 minutes of packaging time. The amount of time available for cutting, sewing and packaging is 115 hours, 280 hours and 65 hours respectively. Using either the Inverse Method or the Cramer’s Rule, determine how many of each type of clothing should be made to use all available labor hours?
- Methods or techniques applied in maximizing of minimizing an objective function. * decision science tools mathematical economics optimization techniques econometricsWhich of the following is the best example of positive economic analysis? Group of answer choices Congress repealing the individual mandate portion of Obamacare Determining whether changes in the Medicaid reimbursement rate for medical procedures affects how many providers accept Medicaid insurance. Deciding what the income threshold for Medicaid eligibility is An employer deciding whether or not to offer healthcare coverage to family members of employees Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sureWhich of the following statements is correct regarding valuation of the benefits of abatement? A) GDP calculations include an adjustment based on environmental quality (for example, worse environmental quality reduces GDP). B) Asking citizens for their willingness to pay for a ‘greener’ environment may result in policies that lead to improvements in environmental quality experienced by the poor, while not affecting the quality experienced by the rich. C) In the contingent valuation method, the pollution due to landfill waste is estimated using the differences in the house prices according to the proximity to a landfill site. D) In the hedonic pricing method, the cost of noise pollution near an airport is estimated using the differences in house prices according to their proximity to the airport
- Outline the functions of the theories with regards to the development of urban areasAnswer the given question with a proper explanation and step-by-step solution.A potential customer has described the following scenario to you:We need to keep track of the data that our manufacturing firm needs to run smoothly.We make a number of products, each of which is manufactured by a different de-partment. Products are made up of a number of parts. Parts are bought fromsuppliers.You have been asked to perform a preliminary analysis of the scenario:a) Identify four sets of values from the scenario. b) Identify three relations from the scenario. c) Draw an entity-relationship diagram to visualise the sets and relations you have identi-fied. d) Use the relations you identified in part b) to define the following:i) A relation that records the parts that a department needs. ii) A relation that records the suppliers that a department deals with