MICROECONOMICS
11th Edition
ISBN: 9781266686764
Author: Colander
Publisher: MCG
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Question
Chapter 5, Problem 11IP
To determine
Impact of charging insurance from per car per year to tax on gas.
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Students have asked these similar questions
What effect does a per-gallon tax on gasoline have on the market for gasoline? Who pays for the increase in tax?
5. An article in the Financial Times noted that toll road that connects two counties in Massachusetts
was not generating as much toll revenue as predicted. At that time, the toll rate was $8 for a
passenger car making a round trip from end to end on the tollway during rush hour. What type
of additional information would you need to know in order to determine if the toll should be
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In writing about the increased popularity of national parks in the United States, such as Yosemite, Yellowstone, and
the Grand Canyon, environmental economist Margaret Walls wrote:
When one person's visit to a park doesn't appreciably diminish the experience for others, the fee to use the
park should be zero. That doesn't apply when the public good starts to experience congestion problems...the
Park Service should...[charge] a significantly higher fee at the most popular parks during the summer months.
Source: Margaret A. Walls, "Protecting Our National Parks: Entrance Fees Can Help," Resources, No. 193, Fall 2016.
Are Yosemite and other national parks public goods? Briefly explain.
A. Yes, they are public goods because national parks such as Yosemite are common resources that are often
overused.
B. No, Yosemite and other national parks are not public goods when congestion diminishes others'
enjoyment of them.
C. No, Yosemite and other national parks are not public goods because the…
Chapter 5 Solutions
MICROECONOMICS
Ch. 5.1 - Prob. 1QCh. 5.1 - Prob. 2QCh. 5.1 - Prob. 3QCh. 5.1 - Prob. 4QCh. 5.1 - Prob. 5QCh. 5.1 - Prob. 6QCh. 5.1 - Prob. 7QCh. 5.1 - Prob. 8QCh. 5.1 - Prob. 9QCh. 5.1 - Prob. 10Q
Ch. 5.A - Prob. 1QECh. 5.A - Prob. 2QECh. 5.A - Prob. 3QECh. 5.A - Prob. 4QECh. 5.A - Prob. 5QECh. 5.A - Prob. 6QECh. 5.A - Prob. 7QECh. 5.A - Prob. 8QECh. 5.A - Prob. 9QECh. 5 - Prob. 1QECh. 5 - Prob. 2QECh. 5 - Prob. 3QECh. 5 - Prob. 4QECh. 5 - Prob. 5QECh. 5 - Prob. 6QECh. 5 - Prob. 7QECh. 5 - Prob. 8QECh. 5 - Prob. 9QECh. 5 - Prob. 10QECh. 5 - Prob. 11QECh. 5 - Prob. 12QECh. 5 - Prob. 13QECh. 5 - Prob. 14QECh. 5 - Prob. 15QECh. 5 - Prob. 16QECh. 5 - Prob. 17QECh. 5 - Prob. 1QAPCh. 5 - Prob. 2QAPCh. 5 - Prob. 3QAPCh. 5 - Prob. 4QAPCh. 5 - Prob. 5QAPCh. 5 - Prob. 1IPCh. 5 - Prob. 2IPCh. 5 - Prob. 3IPCh. 5 - Prob. 4IPCh. 5 - Prob. 5IPCh. 5 - Prob. 6IPCh. 5 - Prob. 7IPCh. 5 - Prob. 8IPCh. 5 - Prob. 9IPCh. 5 - Prob. 10IPCh. 5 - Prob. 11IPCh. 5 - Prob. 12IPCh. 5 - Prob. 13IPCh. 5 - Prob. 14IP
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