Plants flowers in her yard to supply a local florist

Assignment Help Business Economics

Reference no: EM13997445

Jill plants flowers in her yard to supply a local florist. Her neighbor enjoys the flowers. Therefore: Question 3 options: Jill should stop planting flowers because her neighbor does not pay for the benefit he gets. Jill should not plant flowers because their economic value is low and opportunity cost is high. Jill should plant fewer flowers because the external cost is greater than the external benefit. Jill is creating an external benefit for her neighbour.

Reference no: EM13997445

Questions Cloud

Assume the demand function for basketballs : Assume the demand function for basketballs is given by QD = 150 −3P + 0.1I, where P = price of a basketball, and I = average income of consumers. Also, assume the supply of basketballs is given by QS = 2P. If the market for basketballs is perfectly c..

What will the speed of the rock be at the surface : What will the speed of the 10 kg rock be at the surface of the asteroid if it is dropped from a point 1000km above the surface of the asteroid?

The national debt doubled in nominal terms : The national debt doubled in nominal terms during a time when the GDP Deflator increased from 200 to 300. This implies that the national debt: is smaller in real terms, has more than doubled in real terms, has increased in real terms, but it has less..

Brief introduction and overview of the article : The purpose of this assignment is to investigate professional journals in the field of fire prevention of interest to you. A brief introduction and overview of the article

Plants flowers in her yard to supply a local florist : Jill plants flowers in her yard to supply a local florist. Her neighbor enjoys the flowers. Therefore: Question 3 options: Jill should stop planting flowers because her neighbor does not pay for the benefit he gets. Jill should not plant flowers beca..

What is the capacitive reactance : The voltage across a 65uF capacitor is described by the equation vc=(18V)cos(200t), where t is in second. What is the voltage across the capacitor at t=0.015 s? Please include appropriate units.

Consider an exchange economy with two prominent leaders : Consider an exchange economy with two prominent leaders: Romney and Bernanke. Each get utility from destroying jobs, J; and from power, P. Their utility functions are: URomney = ln(P) + 2 ln(J) UBernanke = 2ln(P) + ln(J) Their initial endowments are ..

Department of health and human services : Would you agree or disagree with the following statement, “The single most important health policy choice in the United States over the past four decades has nothing to do with the Department of Health and Human Services, but rather with the Internal..

Calculate the linear acceleration of m as it falls : Suppose m = 332 g (including the mass holder) is released from rest. The pulley has diameter d = 3.03 cm, and you measure the angular acceleration of the pulley α= 0.731 rad/s2. Assume there is no kinetic friction anywhere. Calculate the linear acc..

User Account

All Pages