A company mines 330, 000 tons of coal per year in a rural county. The coal is worth $67 per ton. The average price for a 2,000-square-foot house with three bedrooms more than 20 km away from the mining site in this county is $210, 000 . The average price for a similar, 2,000-square-foot house with three bedrooms within 4 km of the mine is 6 percent lower. Using comparative statics, what is the effect of mining on home prices in this county?
A company mines 330, 000 tons of coal per year in a rural county. The coal is worth $67 per ton. The average price for a 2,000-square-foot house with three bedrooms more than 20 km away from the mining site in this county is $210, 000 . The average price for a similar, 2,000-square-foot house with three bedrooms within 4 km of the mine is 6 percent lower. Using comparative statics, what is the effect of mining on home prices in this county?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A company mines 330, 000 tons of coal per year in a rural county. The coal is worth $67 per ton. The average price for a 2,000-square-foot house with three bedrooms more than 20 km away from the mining site in this county is $210, 000 . The average price for a similar, 2,000-square-foot house with three bedrooms within 4 km of the mine is 6 percent lower. Using comparative statics, what is the effect of mining on home prices in this county?
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