5. Given your answer above, how much total harm would this impose on Hillary? _______ 6. Given your answer in the previous question, how much would Hillary be willing and able to pay Donald to reduce the height of the condo by one story? ________ 7. Suppose that the law in this Florida city grants the land owner the right to the sunlight. In this case, Hillary owns the sunlight that would fall on her pool. If Donald wants to take away some of Hillarys sunlight, he will have to purchase these rights from Hillary. If this right is exclusive and transferable, and transaction costs are zero, how many stories of Condo will Donald build? ____ 8. Suppose that this city in Florida wants to encourage the building of high rise condos and gives Donald the right to build the condo as high as he wants without having to pay Hillary for the lost sunlight. Donald is given the exclusive and transferable rights to the sunlight. If transaction costs are zero, how many stories will Donald choose to build? ______ 9.. What is the minimum total amount that Hillary would have to pay Donald to induce him to build the number of stories you determined in the previous question? _______ 10. Donald is now going to build the condo to the height determined in question 8. a. What is the total value of the harm Hillary and Donald do to each other (Ignore any payment from Hillary to Donald)? _________ b. If Donald chose one more story than he had decided to build in question 6, what is the value of the total harm they do to each other? ________ 11. Donald has the exclusive and transferable rights to the sun light and Hillary has already paid him the amount you determined in question 9. Now Hillary discovers that the swimming pool can be moved a few feet from its current location and avoid the shadow of the condo completely, regardless of how many stories it is built. It will cost $13,000 to move the pool. a. If transaction costs are zero, will the pool be moved? ________ b. How many stories will Donald build? ______________ 12. Start over: Hillary has the exclusive and transferable rights to the sunlight. Donald has purchased those rights through a contract and paid Hillary the agreed upon money. Now Donald discovers that the pool could be moved for $13,000. a. If transaction costs are zero, will the pool be moved? ________ b. How many stories will Donald build? ______________ 13. Start over again, The government does not give anyone the rights to the sun. Instead, the government requires Donald to pay for a building permit before he can build any condo. The price of the permit is $1500 per story of condo. The pool can still be moved for $13,000. a. Will the pool be moved? _____ b. How many stories will Donald build? ______

I have answers till q 8 but i need answers from question 9 till question 13. Please answer all the mentioned qs.Thank you

II. Property Rights Number of Marginal Value Total Value of Marginal Value of Total Value of the of each Story to the Condo to each 12 hour of lost lost sun to Hillary Donald sun to Hillary Stories Donald 1 $2,500 $2,500 $25 $25 2 4,890 80 2,390 2,310 3 7,200 295 4 9,385 366 661 5 11,378 501 6 1,904 13,282 668 1,830 7 1,738 15,020 943 2.773 8 1,527 16,547 1,348 1,456 18,003 1,457 5,578 10 1,370 19,373 1,567 7,145 11 20,573 8,865 12 1,077 21,650 1,890 10,755 13 985 22,635 1,942 12,697 14 743 23,378 1,993 14,690 15 24,069 2,185 16,875 16 604 24,673 2,310 19,185 17 576 25,249 2,390 21,575 18 421 25,670 2,500 24,075 19 378 26,048 2,650 26,725 20 255 26,303 29,523 21 26,465 2,900 22 26,504 3,155 35,578 26,446 3,264 38,842 24 26,256 3,390 42,232 A resident in Florida, Hillary, has just built a new home with a swimming pool surrounded by a beautiful sun deck. Hillary expects that most of the year her pool will get at least 12 hours of sun. However, a greedy capitalist, by the name of Donald, has decided to build a high rise condominium next door to Hillary. The condo will cast a shadow on Hillary's pool, blocking out several hours of sun. How many hours of sun will be blocked will depend upon the height of the condo. Each story added to the condo will block another 1/2 hour of sun on the pool. The table above shows the marginal and total value to Donald of each extra story added to the condo. It also shows the marginal and total value of each 12 hour of sunlight to Hillary. All values are present values measured in dollars and a story is not divisible. According to the table, the first story of the condo is worth $2,500 to Donald, while the value of the lost 12 hour of sun to Hillary is $25. Unless otherwise noted, transaction costs are assumed to be zero. Use this table for the questions 4 - 13 4. Ignoring Hillary, how many stories would Donald build his condo? II. Property Rights Number of Marginal Value Total Value of Marginal Value of Total Value of the of each Story to the Condo to each 12 hour of lost lost sun to Hillary Donald sun to Hillary Stories Donald 1 $2,500 $2,500 $25 $25 2 4,890 80 2,390 2,310 3 7,200 295 4 9,385 366 661 5 11,378 501 6 1,904 13,282 668 1,830 7 1,738 15,020 943 2.773 8 1,527 16,547 1,348 1,456 18,003 1,457 5,578 10 1,370 19,373 1,567 7,145 11 20,573 8,865 12 1,077 21,650 1,890 10,755 13 985 22,635 1,942 12,697 14 743 23,378 1,993 14,690 15 24,069 2,185 16,875 16 604 24,673 2,310 19,185 17 576 25,249 2,390 21,575 18 421 25,670 2,500 24,075 19 378 26,048 2,650 26,725 20 255 26,303 29,523 21 26,465 2,900 22 26,504 3,155 35,578 26,446 3,264 38,842 24 26,256 3,390 42,232 A resident in Florida, Hillary, has just built a new home with a swimming pool surrounded by a beautiful sun deck. Hillary expects that most of the year her pool will get at least 12 hours of sun. However, a greedy capitalist, by the name of Donald, has decided to build a high rise condominium next door to Hillary. The condo will cast a shadow on Hillary's pool, blocking out several hours of sun. How many hours of sun will be blocked will depend upon the height of the condo. Each story added to the condo will block another 1/2 hour of sun on the pool. The table above shows the marginal and total value to Donald of each extra story added to the condo. It also shows the marginal and total value of each 12 hour of sunlight to Hillary. All values are present values measured in dollars and a story is not divisible. According to the table, the first story of the condo is worth $2,500 to Donald, while the value of the lost 12 hour of sun to Hillary is $25. Unless otherwise noted, transaction costs are assumed to be zero. Use this table for the questions 4 - 13 4. Ignoring Hillary, how many stories would Donald build his condo