Question: Zorro land has a large number of people who are
Zorro land has a large number of people who are alike in every way. Bopp land haste same number of people as Zorroland, with the same average income as Zorroland, but the distribution of incomes is wider. Why might Bopp land have a higher level of public good provision than Zorro land?
Answer to relevant QuestionsThink about the rival and excludable properties of public goods. To what degree is radio broadcasting a public good? To what degree is a highway a public good? Suppose 10 people each have the demand Q = 20 – 4P for streetlights and 5 people have the demand Q = 18 – 2P for streetlights. The cost of building each streetlight is3. If it is impossible to purchase a fractional ...Two city councilors are debating whether to pursue a new project. Councilor Miles says it is only “worth it” to society if suppliers lower their costs to the city for the inputs to the project. Councilor Squeaky ...The U.S. Office of Management and Budget (OMB) recommends that the government use different discount rates for public investments than for the sale of government assets. For public investments, the OMB suggests a discount ...Fletcher (2003) shows that when congressional districts are redrawn to include more elderly people, members of Congress become more likely to take pro-elderly positions in congressional votes. Why does the median voter model ...
Post your question