What is the externality associated with an additional individuals driving on a congested road? How do tolls
Question:
What is the externality associated with an additional individual’s driving on a congested road? How do tolls help alleviate this externality? How should the toll be set?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (7 reviews)
The externality associated with an additional individuals driving on a congested road is typically negative and referred to as a negative externality This negative externality arises because when a pe...View the full answer
Answered By
Vincent Omondi
I am an extremely self-motivated person who firmly believes in his abilities. With high sensitivity to task and operating parameters, deadlines and keen on instructions, I deliver the best quality work for my clients. I handle tasks ranging from assignments to projects.
4.90+
109+ Reviews
314+ Question Solved
Related Book For
Economics Of The Public Sector
ISBN: 9780393925227
4th Edition
Authors: Joseph E. Stiglitz, Jay K. Rosengard
Question Posted:
Students also viewed these Business questions
-
Abstract George is in charge of a project to resolve the issue of significant traffic delays in a freeway in Houston, TX. The proposed resolution is to add a lane to each side of the freeway to...
-
The Externality when fishing in the Commons: In exercise 21.6, we showed that free access to a fishing lake causes overfishing because fishermen will continue to fish until the cost of inputs (i.e....
-
A city government has hired a private rm to build a new bridge in the city at a cost of $120M. The bridge has just been completed and opened. If no toll is charged, then 25,000 vehicles (total) cross...
-
Prepare a statement of cash flows in proper form using the inflows and outflows from questions 4-15. Assume net income (earnings after taxes) from the 2018 income statement was $10,628, and $5,000 in...
-
How does quality of design differ from quality of conformance?
-
A strawberry farmer determines that the average weight of individual strawberries produced by plants in his garden is 2 g. He selects the 10 plants that produce the largest strawberries; the average...
-
Consider a process with the following streams: When \(\Delta T_{\text {min }}=10^{\circ} \mathrm{C}\), the minimum utilities for heating and cooling are \(237 \mathrm{~kW}\) and \(145 \mathrm{~kW}\),...
-
Ross, Attorney at Law, experienced the following transactions in 2013, the first year of operations: 1. Purchased $1,500 of office supplies on account. 2. Accepted $36,000 on February 1, 2013, as a...
-
Head-First Company plans to sell 5,120 bicycle helmets at $74 each in the coming year. Unit variable cost is $45 (includes direct materials, direct labor, variable factory overhead, and variable...
-
Explain why a system of joint implementation for reducing greenhouse gases is more efficient than a system whereby each country must reduce its pollution by a fixed amount.
-
Zoning laws, which restrict how individuals can use their land, are sometimes justified as a means of controlling externalities. Explain. Discuss alternative solutions to these externalities.
-
Marilyn vos Savant writes the column "Ask Marilyn," which appears in Parade Magazine. One reader submitted the following question: My daughter is one of five finalists for a grant that awards two...
-
Cycling has become increasingly popular in recent years, spurred on by many factors, including increasing concern for personal fitness, rising costs of running a car, gridlocked city streets, an...
-
How will total cost of ownership affect the way in which a business marketer prices its products?
-
Critically evaluate the methods that a bank might use to go about researching market potential for business development loans in a foreign country.
-
Compare and contrast the tasks performed by distributors and agents.
-
Parrish and Chlarson worked for J&K Computer Systems, Inc. Parrish was a computer programmer, and Chlarson was a trainee. In his capacity as programmer, Parrish wrote an accounts receivable program....
-
Define money market securities and briefly describe the major types of these securities.
-
Use the graphs of f and g to graph h(x) = (f + g) (x). To print an enlarged copy of the graph, go to MathGraphs.com. 1. 2. y 24 8. 2. -2 -2 4 6
-
What are the advantages and disadvantages of using social media for advertising, brand building, market research, and customer service?
-
What issues must be addressed when building an e-commerce presence ?
-
Analyze Walmart and Amazon.com using the competitive forces and value chain models.
-
Water, initially saturated vapor at 11.5 bar, fills a closed, rigid container. The water is heated until its temperature is 200C. For the water, determine the pressure at the final state, in kPa.
-
Air is contained in a cylinder fitted with a frictionless piston. Initially the cylinder contains 0.5 m of air at 1.5 bar, 20C. The air is then compressed reversibly according to the law pv" =...
-
a) Action: For a specific fan hardware unit, the fan curve's functional relationship between AP (inches of water) and cfm is as follows AP=4 -0.2 [( c?m 2 1000 c?m 1000 1 while the system curve is...
Study smarter with the SolutionInn App