Econ MC

owns a dog whose barking annoys 's neighbor Jane. Suppose that the benefit of owning
the dog is worth $500 to and that Jane bears a cost of $700 from the barking. Assuming
has the legal right to keep the dog, a possible private solution to this problem is that
a. Jane pays $500 to get rid of the dog.
b. pays Jane $650 for her inconvenience.
c. Jane pays $650 to get rid of the dog.
d. There is no private solution that would improve
this situation.

a and c both seem right to me. Which one is correct?

From a practical standpoint, I think d. is the best answer.

In c, both gain. In a, does not gain, but he does not lose. But has no incentive to take the deal in a.

  1. 👍
  2. 👎
  3. 👁
  1. To answer this question, simply drop out of school and start up a terrible website, like me.

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. Algebra

    Leith bought a homeowner's insurance policy when he purchased his new home. He pays an annual premium of $775 for property coverage of $250,000 and liability coverage of $350,000. His deductible is $1,300. Leith pays this premium

  2. english

    two of the following proverbs have similar meaning which ones are they 1.Those that dance must play the music 2. The tongue is the enemy of the neck 3.A golden hammer breaks an iron door 4.who pays the piper calls the tune 5. A

  3. English

    Write the possessive form of the noun in parentheses. 1/ (Estelle) dentist looked at her teeth. Answer: Estelle's 2/ The (dentist) nurse helped him. Answer: dentist's 3/ Her ( mother) car was parked outside. Answer: mother's 4/

  4. physics

    An earthquake generates three kinds of waves: surface waves (L waves), which are the slowest and weakest; shear (S) waves, which are transverse waves and carry most of the energy; and pressure (P) waves, which are longitudinal

  1. ELA

    What is the BEST description and explanation for the underlined word in this sentence? The barking dog woke the entire neighborhood with his incessant noise. A) Barking is an adjective form being used to modify the dog. B) Barking

  2. Science

    1. Which of those traits are inherited by a dog? J. barking to go outside K. a preference for certain dog food L. the color of its eyes M. walking on a leash 2. during which stage of its life is a moth most likely to damage

  3. Econ MC

    owns a dog whose barking annoys 's neighbor Jane. receives personal benefit from owning the dog, and Jane bears a cost of 's ownership of the dog. Assuming has the legal right to keep the dog, which of the following choices are

  4. English

    Identify the participial phrases and participles that are used as adjectives in the following sentences. Give the noun or pronoun each participle or participial phrase modifies. 1. She heard me sighing loudly. 2. Aided by good

  1. English

    Read the following sentence: We should probably call the neighbors about that barking dog running through their yard. Which of the following correctly describes the verbal and its function in this sentence? Barking is a present

  2. dog behavior

    please check my answer thanks for your help :) Which of the following is an example of an unconditioned response? A. begging behavior at meal time B barking to get attention C Salivatig when food is taken ito the dog 's mouth D

  3. math

    braden bought 4 packs of dog treats. he gave 4 treats to his neighbor's dog. now braden has 24 treats left for his dog. how many dog treats were in each pack? explain how you know

  4. math

    The Winners' Circle sportswear and equipment store bought a baseball glove from 's Sporting Goods for $66.00. They want to mark up the glove 70% on selling price. What should The Winners' Circle sell the glove for?

You can view more similar questions or ask a new question.