Refer to the Information Provided in Figure 16

question 101

Multiple Choice

Refer to the information provided in Figure 16.4 below to answer the question(s) that follow.
Los Angeles International Airport (LAX) is located next to Playa Del Rey. The noise from air traffic negatively affects individuals living in Playa Del Rey, however, this cost is not considered by airlines or air travelers. The airlines feel they have a right to use the airspace while the individuals living in Playa Del Rey feel they have the right to quiet. The following diagram depicts the marginal costs and marginal benefits associated with air travel. Figure 16.4
-Refer to Figure 16.4. Suppose the government assigns property rights to the airlines. No negotiations occur between the parties. The resulting level of air travel is

• A) 0 units.
• B) 100 units.
• C) 120 units.
• D) Indeterminate from the given information.

---

Definitions:

Structural Formula

A representation of the molecular structure of a compound that shows how atoms are arranged and bonded to each other in a molecule.

3-Hexene

A type of alkene with a double bond between the third and fourth carbon atoms in its six-carbon chain.

Lewis Line Structure

A representation of molecules where atoms are shown as letters and covalent bonds as lines, illustrating the connectivity of atoms within the molecule.

3-Octene

A chemical compound belonging to the group of alkenes with the molecular formula C8H16, featuring a double bond between the third and fourth carbon atoms.