SBN=9781337914413&id%3D6560713018&snapshot CENGAGE MINDTAP aplia Homework: Externalities and the Environment 1. Open-access goods versus private goods Spring is here, and Teresa and her uncle would like to go fishing for the weekend in Vermont. Teresa could either go to the lake in town where anyone can fish without a permit, or she could drive up to a pond located on her family's property PRIVATE PROPERTY in the countryside to fish. Assume that, no matter where people fish, all of the fish that are caught would be kept (that is, there is no "catch and release" policy). The fish in the lake are considered and v , whereas the fish in the private pond are considered and . In other words, the fish in the lake are an example of and the fish in the private pond are an example of Fishing in the lake will likely lead to because of which of the following reasons? All fishermen will choose to fish in the pond believing that there are more fish there. O All fishermen will choose to fish in the lake because of the limited access to the pond. Anyone can fish in the lake, and as long as the marginal benefit of catching more fish exceeds the marginal cost, fishermen have little regard for the effects of their catch on the sustainability of fishing stocks. O Nobody will enjoy fishing because of the lack of private contributions to the maintenance of the lake. Grade It Now. Save & Continue へ DII PrtScn F8 End PgUp Home F2 F3 F4 F5 F6 F7 F9 F10 2$ ) 5 8. E R
SBN=9781337914413&id%3D6560713018&snapshot CENGAGE MINDTAP aplia Homework: Externalities and the Environment 1. Open-access goods versus private goods Spring is here, and Teresa and her uncle would like to go fishing for the weekend in Vermont. Teresa could either go to the lake in town where anyone can fish without a permit, or she could drive up to a pond located on her family's property PRIVATE PROPERTY in the countryside to fish. Assume that, no matter where people fish, all of the fish that are caught would be kept (that is, there is no "catch and release" policy). The fish in the lake are considered and v , whereas the fish in the private pond are considered and . In other words, the fish in the lake are an example of and the fish in the private pond are an example of Fishing in the lake will likely lead to because of which of the following reasons? All fishermen will choose to fish in the pond believing that there are more fish there. O All fishermen will choose to fish in the lake because of the limited access to the pond. Anyone can fish in the lake, and as long as the marginal benefit of catching more fish exceeds the marginal cost, fishermen have little regard for the effects of their catch on the sustainability of fishing stocks. O Nobody will enjoy fishing because of the lack of private contributions to the maintenance of the lake. Grade It Now. Save & Continue へ DII PrtScn F8 End PgUp Home F2 F3 F4 F5 F6 F7 F9 F10 2$ ) 5 8. E R
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:SBN=9781337914413&id%3D6560713018&snapshot
CENGAGE MINDTAP
aplia Homework: Externalities and the Environment
1. Open-access goods versus private goods
Spring is here, and Teresa and her uncle would like to go
fishing for the weekend in Vermont. Teresa could either go to
the lake in town where anyone can fish without a permit, or
she could drive up to a pond located on her family's property
PRIVATE
PROPERTY
in the countryside to fish. Assume that, no matter where
people fish, all of the fish that are caught would be kept (that
is, there is no "catch and release" policy).
The fish in the lake are considered
and
v , whereas the fish in the private pond are
considered
and
. In other words, the fish in the lake are an example
of
and the fish in the private pond are an example of
Fishing in the lake will likely lead to
because of which of the following reasons?
All fishermen will choose to fish in the pond believing that there are more fish there.
O All fishermen will choose to fish in the lake because of the limited access to the pond.
Anyone can fish in the lake, and as long as the marginal benefit of catching more fish exceeds the marginal cost, fishermen have little
regard for the effects of their catch on the sustainability of fishing stocks.
O Nobody will enjoy fishing because of the lack of private contributions to the maintenance of the lake.
Grade It Now.
Save & Continue
へ
DII
PrtScn
F8
End
PgUp
Home
F2
F3
F4
F5
F6
F7
F9
F10
2$
)
5
8.
E R
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