Define scenarios would lead to removal of the bats

Assignment Help Microeconomics

Reference no: EM132178183

Question: Johnston Forest in Rhode Island has a cave that houses thousands of fruit bats. Bat droppings are highly acidic and have ruined the paint on many cars. The flying radius of the Johnston Forest bats encompasses two towns, Johnston and Foster. The residents of Johnston collectively value bat removal at $400,000. Foster residents collectively value bat removal at $500,000. Pest control experts estimate that the cost of bat removal would be $450,000. Which of the following scenarios would lead to removal of the bats? Check all that apply.

a. Foster pays Johnston $50,000 to contribute to bat removal.

b. Foster and Johnston evenly split the cost of bat removal.

c. Johnston contributes nothing toward bat removal.

Reference no: EM132178183

Questions Cloud

Compute lynn gain recognized on sale of the warehouse : Eleven years ago, Lynn Inc. purchased a warehouse for $315,000. Compute Lynn's gain recognized on sale of the warehouse

Evaluating the external costs or external benefits : You are considering whether to enter a holiday lights display contest that pays $1,000 to the winner. State whether each of the following constitutes private.

What impact can low birth rate have on a country : What impact can low birth rate have on a country? Why are some countries facing low fertility rate (lower than 2.1)?

Monitoring employee performance become invasion of privacy : When does monitoring employee performance become an invasion of privacy?

Define scenarios would lead to removal of the bats : Johnston Forest in Rhode Island has a cave that houses thousands of fruit bats. Bat droppings are highly acidic and have ruined the paint on many cars.

Determine the average number of customers in the system : Determine the average number of customers in the system. Determine the average number of customers waiting in line.

Why an oligopolist pays more attention : Explain why an oligopolist (with few competitors) pays more attention to what its competitors are doing than a producer in a competitive market.

Operational databases and data warehouses : What is the relationship between operational databases and data warehouses? What types of decisions do data warehouses support?

What is the net present value of the growth opportunities : If the required rate of return on the stock is 10%, what is the net present value of the growth opportunities for MMC

User Account

All Pages