Refer to the figure above. Suppose the government assigns property rights to the
ID: 1097274 • Letter: R
Question
Refer to the figure above. Suppose the government assigns property rights to the airlines. No negotiations occur between the parties. The resulting level of air travel is ________.
A) 0 units
B) 100 units
C) 120 units
D) Indeterminate from the given information.
10.
Refer to the figure above. Suppose the government assigns property rights to the airlines. No negotiations occur between the parties. The marginal damage cost associated with the resulting level of air travel is ________.
A) $25
B) $120
C) $265
D) $385
11.
Refer to the figure above. Suppose the government assigns property rights to the airlines, then the airlines and the residents engage in negotiations. The resulting efficient level of air travel is ________.
A) 0 units
B) 100 units
C) 120 units
D) Indeterminate from the given information.
12.
Refer to the figure above. The marginal damage cost associated with the efficient level of air travel is ________.
A) $0
B) $100
C) $225
D) $265
13.
Refer to the figure above. The marginal damage cost ________ as the quantity of air travel increases.
A) increases
B) decreases
C) remains constant
D) becomes negative
14.
Refer to the figure above. Suppose the government assigns property rights to the nearby residents affected by the airlines. No negotiations occur between the parties. The resulting level of air travel is ________.
A) 0 units
B) 100 units
C) 120 units
D) Indeterminate from the given information.
Explanation / Answer
i choose that 9) C 10) D 11) B 12) C 13)A 14)D