Suppose Two Neighborhoods (A and B)have Identical Housing, but Neighborhood

question 262

Multiple Choice

Suppose two neighborhoods (A and B) have identical housing, but neighborhood A has a strictly enforced deed restriction that prohibits homeowners from parking junk cars in the front yard. If houses in neighborhood A sell for $105,000 and houses in neighborhood B sell for $100,000, how would an economist value the external cost of visible junk cars, per house?

• A)$205,000
• B)$105,000
• C)$100,000
• D)$5,000

Recognize and explain suffixes signifying mental states or conditions (e.g., madness, mind).

Understand the concept of indifference curves and their equations.

Analyze the effect of changes in consumption bundles on the slope of the indifference curve.

Identify how preferences influence the shape and slope of indifference curves.

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Definitions:

Epididymis

An extended, twisted duct that holds sperm and conveys it from the testicles.

Bulbourethral Gland

The bulbourethral gland, also known as Cowper's gland, is a small gland in males that secretes a pre-ejaculate fluid that lubricates and neutralizes acidic conditions in the urethra.

Membranous Urethra

The portion of the urethra in males that runs through the urogenital diaphragm, involved in urine and reproductive fluid discharge.

Seminal Vesicle

A pair of glands that open into the vas deferens near its junction with the urethra and secrete many of the components of semen.