The airport authority limits the number of taxi rides out of the airport via a system of permits. If the airport authority can sell each permit to pickup passengers at the price that you indicated on the plot. what is the TOTAL revenue from selling those permits (i.e. the value of the economic rents captured by the airport authority) is equal to $ Numeric answer Type your response 100 20 8 QR 30 Supply 2 +80 81 8 140

The airport authority limits the number of taxi rides out of the airport via a system of permits. If the airport authority can sell each permit to pickup passengers at the price that you indicated on the plot. what is the TOTAL revenue from selling those permits (i.e. the value of the economic rents captured by the airport authority) is equal to $ Numeric answer Type your response 100 20 8 QR 30 Supply 2 +80 81 8 140

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

10:14
QR permits 2
Answered Due on May 18, 11:59 PM
The airport authority limits the number of taxi
rides out of the airport via a system of permits. If
the airport authority can sell each permit to
pickup passengers at the price that you indicated
on the plot. what is the TOTAL revenue from
selling those permits (i.e. the value of the
economic rents captured by the airport authority)
is equal to $
Numeric answer
Type your response
120
100
PB 80
60
Ps 404
20
0
20
E'
G
Supply
QR=300
40
60
QE
80
100
120
D
×
140
Done

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