Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Ryanteck Ryanteck
wrote...
Go to Answer
Posts: 559
Rep: 0 0
6 years ago
Suppose that you rent a house next to a factory. The factory legally emits a chemical into the air that smells like feet. You now have to spend $300 more per month on air fresheners because the firm pollutes the air. You could move to another house far enough away from the factory, but the rent for that house is $200 more than you now pay. The efficient solution to this problem is that
A) the firm should be able to continue to pollute because only one person is being harmed by the factoryʹs pollution.
B) you should move to the new house because the additional rent on that new house is less than the additional expenses you incur from living next to the factory.
C) the factory owner should compensate you $300 so that you can pay for the additional expenses you incur.
D) the factory owner should reimburse you $100, the difference between your expenses and the higher rent on the new house.
Read 83 times
1 Reply
Replies
Answer verified by a subject expert
goldlilysgoldlilys
wrote...
#1
Top Poster
Posts: 704
Rep: 16 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

Ryanteck Author
wrote...

6 years ago
Thank you, thank you, thank you!
joyceess
wrote...

Yesterday
Good timing, thanks!
Holly72492
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  958 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 68
  
 205
  
 213
Your Opinion
Which country would you like to visit for its food?
Votes: 204
Previous poll results: Do you believe in global warming?