Solved

Suppose Residents of Toadhop Live on the Quabache River,a River

Question 9

Multiple Choice

Suppose residents of Toadhop live on the Quabache River,a river prone to flooding.Suppose there are 1000 (type A) people who value flood control more than the 1000 (type B) people. Suppose residents of Toadhop live on the Quabache River,a river prone to flooding.Suppose there are 1000 (type A) people who value flood control more than the 1000 (type B) people.   where Q measures the quality of flood control.If the price of a unit of flood control is $100000 and the citizens of Toadhop gather for a town hall meeting to find the socially optimal level of flood control,and they are successful,how much will each type A individual contribute in total? A)  1875 B)  1500 C)  875 D)  625 where Q measures the quality of flood control.If the price of a unit of flood control is $100000 and the citizens of Toadhop gather for a town hall meeting to find the socially optimal level of flood control,and they are successful,how much will each type A individual contribute in total?


A) 1875
B) 1500
C) 875
D) 625

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions