Suppose residents of Toadhop live on the Quabache River, a river prone to flooding. Suppose there are 1000 (type A) people who value flood control more than the 1000 (type B) people. Type A Demand QD = 100 ? P Type B Demand QD = 50 ? P Where Q measures the quality of flood control. If the price of a unit of flood control is $100,000 and the citizens of Toadhop gather for a townhall meeting to
find the socially optimal level of flood control, and they are successful, how much will type B individuals contribute per unit of flood control?
a. 25
b. 50
c. 75
d. 100
a
Economics
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The central bank of the United States is the:
a. Federal Reserve Banking System. b. First National Bank. c. Comptroller's Bank. d. United States National Bank. e. U.S. Treasury Bank.
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