# Econ MC

!@#\$%^& owns a dog whose barking annoys !@#\$%^&'s neighbor Jane. Suppose that the benefit of owning the dog is worth \$700 to !@#\$%^& and that Jane bears a cost of \$500 from the barking. Assuming !@#\$%^& has the legal right to keep the dog, a possible private solution to this problem is that

a. There is no private solution that would improve this situation.
b. Jane pays !@#\$%^& \$650 to get rid
of the dog.
c. Jane pays !@#\$%^& \$800 to get rid of the dog.
d. !@#\$%^& pays Jane \$600 for her
inconvenience.

-Can private solutions always be reached with the Coase Theroem?
-But in this case !@#\$%^& has the legal rights, so does it mean he could chose not to pay Jane any money? so the answer would be A?

I agree, I too would go with a)

1. 👍 1
2. 👎 0
3. 👁 469

## Similar Questions

1. ### 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

asked by maria on October 24, 2011
2. ### math

The Winners' Circle sportswear and equipment store bought a baseball glove from DICK'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?

asked by Anonymous on June 3, 2018
3. ### Econ MC

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

asked by Econ on April 17, 2007
4. ### Calculus optimization problem

A rectangular dog run is to contain 864 ft ^2. a. If the dog's owner must pay for fencing, what should be the dimensions of the run to minimize cost? b. Suppose a neighbor has agreed to let the owner use an already constructed

asked by Sam on October 30, 2011
5. ### Algabra

Dick is younger than Tom, but older than Harry. Their ages in years are consecutive odd integers. Dick's mother is three times as old as Dick, and she is also 13 years older than twice as old as Tom. How old are Harry, Dick, and

asked by Andy on September 26, 2016
1. ### physcial science

How to solve for Jane (mass 40 kg),standing on slippery ice, catches her leaping dog (mass 15 kg) moving horizontally at 3 m/s. What is the speed of Jane and her dog after the catch?

asked by Cindy on February 12, 2011
2. ### ENGLISH

IN WHICH SENTENCE DOES THE VERB CORRECTLY AGREES WITH THE SUBJECT. 1. A COPY OF MOBY DICK AND A MAGAZINE HAS DISAPPERED FROM MY ROOM. 2. PEGGY OR PHYLLIS DRIVE ME TO FLORIDA EVERY WINTER. 3. LES AND MIRANDA IS LATE FOR WORK TODAY.

asked by Anonymous on November 8, 2007
3. ### 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

asked by hiyab on August 31, 2016
4. ### 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

asked by Steve on April 28, 2018
5. ### math

The names and ages for each person in a family of five follow: Name Dick Jane Kirk Jean Scott Age 40 36 8 6 2 a. What is the mean age? b. Find the mean of the ages 5 yr from now. c. Find the mean 10 yr from now. d. Describe the

asked by Diana on January 5, 2011