× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
w
5
a
3
3
j
2
a
2
t
2
u
2
r
2
j
2
j
2
l
2
d
2
New Topic  
Satsume Satsume
wrote...
Posts: 761
Rep: 0 0
6 years ago
Suppose your neighbor likes to repair motorcycles in his front yard during evenings and on weekends, and he earns $400 per week from this work.  However, the sight of piles of greasy motorcycle parts and the additional noise and traffic caused by his customers reduces your value of living in this neighborhood by $300 per week.  If your neighbor has a right to operate this business, what is the efficient outcome?
A) He continues to operate the business.
B) You can pay him to move the business to another location.
C) He pays you to let him continue working on motorcycles at his home.
D) There is no efficient outcome from this situation.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 176 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
A
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  927 People Browsing
Related Images
  
 211
  
 64
  
 1285
Your Opinion
Who will win the 2024 president election?
Votes: 119
Closes: November 4