Bob Owns Twenty Acres of Land on the Side of a Mountain

question 71

Multiple Choice

Bob owns twenty acres of land on the side of a mountain in Colorado. He files a suit against the Durango Flight School, claiming that its planes flying over his land violate his property rights. To succeed, his best argument is

• A)the planes fly over more than twice a day.
• B)there are other routes the planes could take.
• C)the flights are low and frequent, interfering with enjoyment of his land.
• D)the planes are effectively taking private property for private use.

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Definitions:

Nonrivalry

A characteristic of certain goods where the consumption by one individual does not reduce availability to others, often seen in digital or public goods.

Nonexcludability

A characteristic of certain goods where it is difficult or impossible to prevent someone from using the good once it has been provided.

Optimal Quantity

The amount of a good or service that yields the maximum benefit or utility to the consumer or producer.

Marginal Cost

The cost of producing one additional unit of a good or service, important in making decisions about production levels and pricing.