An Airport Is Located Next to a Housing Development

question 5

Multiple Choice

An airport is located next to a housing development. Where X is the number of planes that land per day and Y is the number of houses in the housing development, profits of the airport are 20X - X² and profits of the developer are 28Y - Y² - XY. Let H₁ be the number of houses built if a single profit-maximizing company owns the airport and the housing development. Let H₂ be the number of houses built if the airport and the housing development are operated independently and the airport has to pay the developer the total "damages" XY done by the planes to the developer's profits.

• A) H₁ = 12 and H₂ = 14.
• B) H₁ = H₂ = 12.
• C) H₁ = 14 and H₂ = 13.
• D) H₁ = 14 and H₂ = 12.
• E) H₁ = 13 and H₂ = 17.

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Definitions:

Deconstruction

A type of critical postmodern analysis that involves taking apart or disassembling old ways of thinking.

Postmodernists

Scholars and thinkers who challenge traditional narratives, emphasizing the subjective nature of reality, diversity, and the deconstruction of universal truths.

Theories

Abstract propositions that explain the social world and make predictions about the future.

Statistical Data

Numerical or quantitative information collected through observation, measurement, and analysis, used to make decisions or predictions.