What is the private cost for a plane to land at this airport? What is the external cost of a plane landing at the airport? What is the social cost of a plane landing at the airport?
What is the private cost for a plane to land at this airport? What is the external cost of a plane landing at the airport? What is the social cost of a plane landing at the airport?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![9.
9.
Suppose that a local airport is near a residential neighborhood. To land at this airport, an airliner must pay $53. To soundproof the local homes, so residents do
not hear airplanes all hours of the day, residents must pay $50.
What is the private cost for a plane to land at this airport?
What is the external cost of a plane landing at the airport?
9.
< Previous
What is the social cost of a plane landing at the airport?
Next X](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F769282b7-875c-47fc-8775-139c9b8de1ae%2Fb7367d25-e42a-45c9-9f7e-3538b1e6f64e%2F5xmm7o7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:9.
9.
Suppose that a local airport is near a residential neighborhood. To land at this airport, an airliner must pay $53. To soundproof the local homes, so residents do
not hear airplanes all hours of the day, residents must pay $50.
What is the private cost for a plane to land at this airport?
What is the external cost of a plane landing at the airport?
9.
< Previous
What is the social cost of a plane landing at the airport?
Next X
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