g two (2) relevant examples, discuss a strategy that could be used to reduce the traffic congestion problem in the Kingston Metropolitan Area.

Please, Provide an Explanation for the Ranges/Point in the Follow (Encircled Below in Red. What Do the Ranges/Point Refer To & H They Calculated?) With Z representing the Level of Mitigation (Z): Marshland, MB = 3-Z Dampland, MB=4-2Z Wetland, MB 11-Z The Marginal Cost of Flood Mitigation (MC): MC=2+12Z a. What is the Socially Optimal Level of Z(Zopt)? Answer: From 0-2 MSB = [(3- Z)+(4- 2Z) + (11- Z)] = [(3+ 4+ 11)-(Z+2Z+Z)] = 18-4Z From 2-3 MSB=(3- Z) + (11- Z) = [(3 + 11)-(Z+Z)] = 14-2Z From 3-10-MSB = 11 - Z @11MSB=0

Acres Sophia Amber Cedric 1 $12 $24 $6 2 8 18 3 10 4 3 8 3 1 6. 2 6 4 1 7 2 Consider the town of Springfield with only three residents, Sophia, Amber, and Cedric (see the Table). The three residents are trying to determine how large, in acres, they should build the public park. Suppose the cost to build the park is $12 per acre and that the residents have agreed to split the cost of building the park equally. If the residents vote to determine the size of park to builo basing their decision solely on their own willingness to pay (and trying to maximize their own surplus), what is the largest park size for which the majority of residents would vote "yes?" 1 acre 2 acres 3 acres 4 acres

ter 5 i A public good Multiple Choice generally results in substantial negative externalities. can never be provided by a nongovernmental organization. costs essentially nothing to produce and is thus provided by the government at a zero price. can't be provided to one person without making it available to others as well.

Three neighboring towns – Marshland, Dampland, and Wetland – all border the           same lake.  The lake frequently floods causing damage to property in all three           towns.  Each town would benefit from flood mitigation, but the level of benefits           differs.  With Z representing the level of mitigation:     for Marshland, MB = 3 – Z     for Dampland, MB = 4 – 2Z     for Wetland, MB = 11- Z            The marginal cost of flood mitigation is MC = 2 + 12Z Questions:                                    ***Please Note***  Previous Expert Calculated:     Z = 16/3 as the Solution to (a)        Math Solver Calculates:     Z = 1                                    ***Please Resolve*** (a)  What is the socially optimal level of Z?                      (b)  What would each individual town be willing to pay for this level of flood mitigation? (c)   The representative from Wetland proposes that each town pay an equal share for the optimal level of flood          mitigation.  Would…