A Meditation Class Meets on the Second Floor of a Building;

question 123

Multiple Choice

A meditation class meets on the second floor of a building; the first floor is a nightclub.The loud music from the club disturbs the classes.The club could be soundproofed for a cost of $5, 000 or move at a cost of $8, 000.The class can't soundproof enough to overcome the music, but could be moved for $4, 000.According to Coase, a socially optimal solution can be achieved if

• A)the local government purchases the building
• B)the building is torn down
• C)property rights to be noisy are granted to the nightclub
• D)property rights to a quiet environment are granted to the meditation class
• E)both the nightclub and the meditation class relocate

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Definitions:

Recycling Drop-Off

A designated place where individuals can take recyclable materials so that they can be processed and reused.

Tonnage

A measurement of weight commonly used to describe the carrying capacity of ships or the output of mines, often calculated in tons.

Centre-of-Gravity Method

A logistical technique used to find the most cost-effective location for a facility based on minimizing transportation costs, considering the locations of suppliers, production facilities, and markets.

Goods Shipped

Refers to products or merchandise that have been packaged and dispatched to a destination.