Ecn 212 Roberts Homework 4 Trigonometry

Homework Set #4 - ECN 212 - Dr. RobertsDue in the lab no later than Friday, May 2, 2014. The early submission deadline is Wednesday, April 30. Early submissions will receive 2 extra credit points. Late Homework will not be accepted under any circumstances. Answers must be submitted ona General Purpose NCS Answer Sheet No. 229633 available in the ASU Bookstore. The Answer Sheet must be completed in pencil and contain your name and 10 digit ASU Identification Number.Price per foot inheightHeight in feet demandedManny’s demandMoe’s demandJack’s demand$05 feet4 feet3 feet$104 feet3 feet2 feet$203 feet2 feet1 foot$302 feet1 foot0 feet$401 foot0 feet0 feet1. Manny, Moe and Jack constitute the market for a retaining wall which is considered to be a public good. The price per foot in height of the retaining wall and their demand for the retaining wall is described in the table above. If the cost to supply the public good is $30 per foot, what is the efficient height of the retaining wall assuming that it is a public good?A)Since the government will pay for the public good, 12 feet is optimal because that is what is demanded at a price of zero to Manny, Moe and Jack.B)Zero because no one is willing and able to pay $30.C)One foot in height.D)Two feet in height.E)Three feet in height.For a public good, do vertical summation. Find similar height for everyone that adds up to $30 2. Manny, Moe and Jack constitute the market for a retaining wall which is considered to be a private good. The price per foot in height of the retaining wall and their demand for the retaining wall is described in the table above. If the price of the wall is $10 per foot, what is the efficient height of the retaining wall assuming that the retaining wall is a private good?A)9 feetB)3 feetC)5 feetD)12 feetE)6 feetFor a private good, do horizontal summation. Find the dollar amount and add the amount straight across3.We hear so much about the depletion of the ozone, the destruction of the rain forest,the pollution of the oceans and rivers, and the depletion of wildlife because

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