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Sav [38]
3 years ago
10

Problems and applications q6 darnell loves playing rock 'n' roll music at high volume. jacques loves opera and hates rock 'n' ro

ll. unfortunately, they are next-door neighbors in an apartment building with paper-thin walls. in this case,darnell imposes anegative externality on his neighbor in the form of noise pollution. why might a command-and-control policy that forbids music to be played above a certain decibel level lead to an inefficient outcome? it is unfair because such policy would restrict darnell's activity but not jacques's. an efficient outcome can only be achieved if everyone can do what they love. darnell playing his music loudly does not do any harm if jacques is not home. suppose the landlord lets the tenants do whatever they want. true or false: according to the coase theorem, darnell and jacques might not be able to reach an agreement if the transaction costs are high.
a. True


b. False
Business
1 answer:
mafiozo [28]3 years ago
7 0

Answer:

false

Explanation:

The Coase theorem states that parties in dispute should seek an optimal solution to their problem regardless of how property rights were initially distributed.

In this case, you need to find an agreement that satisfies both Darnell and Jacques regardless of who initially would have been considered to be right about the argument. Conflicts over rights to use property can be solved when parties settle on the efficient use of inputs. E.g. they could establish hours at which Darnell can listen to rock n' roll, and other hours when he shouldn't. That way both of them can enjoy the music they like and not bother the neighbors.

An optimal solution can always be reached regardless of initial distribution of rights.

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Problem 45 Zach attended Champion University during 2013–2017. He lived at home and was claimed by his parents as a deduction du
Mila [183]

Answer:

$800

Explanation:

The amount of student loan interest can Zach and his spouse deduct in 2018:

Education expenses:

= Incurred expenses - Scholarship

= $10,000 - $2,000

= $8,000

⇒ \frac{8,000}{10,000}\times100

= 80%

Interest incurred:

= Federal loan interest + Lending loan interest

= $700 + $300

= $1,000

Therefore, the amount of student loan interest can Zach and his spouse deduct in 2018 is = Interest incurred × Education expenses percent

                             = $1,000 × 80%

                             = $800

4 0
3 years ago
A consumer has ​$140 in monthly income to be spent on two goods Z and B. The price of good Z ​(Pz​) is ​$6.00. The Marginal Rate
romanna [79]

Answer:

3 and 46.67 units

Explanation:

The formula and the computations are shown below:

The price of good B is

= {The price of good Z (Pz)} ÷ {Marginal rate of transformation}

= {$6} ÷ {2}

= 3

Now the number of units to be purchased for all income used is

= (Monthly income spent on two goods) ÷ (price of good B)

= ($140) ÷ (3)

= 46.67 units

By applying the above formula we can find out the price of good B and the number of units purchased

5 0
3 years ago
Which best describes the purpose served by economic models within an economic system?
posledela

Answer:

The first answer is correct (A).

The theoretical models of economics are characterized by producing insights about the real functioning of the economy. In this way, a well-adjusted model identifies the patterns of functioning of economies, such as economic cycles and the expectation reversion aspects of economic agents and crises.

However, no model has the ability to control any economic aggregate. The models serve for the authorities to get ahead of economic events and make efficient decisions according to their objectives. For example, stimulating the economy, curbing inflation or avoiding crises.

Explanation:

5 0
3 years ago
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mylen [45]

Answer:

Common evaluation criteria include: purpose and intended audience, authority and credibility, accuracy and reliability, currency and timeliness, and objectivity or bias.

Explanation:

3 0
3 years ago
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