How many hours will vivian practice

Reference no: EM131134587

Coase and Noise Pollution. Vivian is trying to learn to play the violin, much to the dismay of her housemates. Vivian and her roommates are willing to bargain over her practice time, and will split the difference between the willingness to pay for noise reduction and the willingness to accept it. The following table shows her marginal benefits from playing for one to five hours as well as the marginal external cost incurred by her housemates (constant at $5 per hour)

a. Suppose Vivian has the property rights to make as much noise as she likes. How many hours will Vivian practice? Who gets how much money?

b. Suppose the housemates have the property rights to a quiet house. How many hours will Vivian practice? Who gets how much money

Reference no: EM131134587

Questions Cloud

The distribution of times four years earlier : According to media research, the typical American listed to 195 hours of music in the last year. This is down from 290 hours four years earlier. Dick Trythall is a big country and western music fan. He listens to music while working around the hou..

Draw the pedigree for this family : A man with brown teeth mates with a woman with normal white teeth. They have four daughters, all with brown teeth, and two sons, both with white teeth. Draw the pedigree for this family, showing the inheritance of brown teeth

Holistic marketing orientation model : Consider Porter's values chain and the holistic marketing orientation model what implications do they have for marketing planing ? How would you structure a marketing plan to incorporate some of their concepts

Environmental scanning is critical to understanding : Environmental scanning is critical to understanding your market before you enter that market. What are some specific examples of each of the five forces? Pick some current events and connect to one of the five forces.

How many hours will vivian practice : Suppose the housemates have the property rights to a quiet house. How many hours will Vivian practice? Who gets how much money

Carne corporation had the following stockholders : July 1 Declared a 5% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $13 per share.

Leading pharmaceutical firm : On ethics: Dr. Margaret Chan, director general of the WHO, criticized the pharmaceutical industry for being "profit driven" and for failing to invest in the development of a vaccine or cure for Ebola. As CEO of a leading pharmaceutical firm, how do y..

Discuss negative and positive means of coping with stress : There are different triggers and means of coping with stress. Name at least 3 triggers of stress. Discuss both negative and positive means of coping with stress. What role do substances play in stress relief? How can substance users in recovery le..

Easy accessibility for their existing products : Suppose the Chester company begins to compete through good designs, high awareness and easy accessibility for their existing products, what strategy would they be implementing?

User Account

All Pages