Many highways have designated car pool or highoccupancy lanes. Generally, only cars containing at least two people can use these lanes. Single drivers are fined heavily if they are caught using these lanes. With new technologies, it is possible to charge drivers using car pool lanes by recording identifying markings on the car and billing the owners. Would allowing single drivers to pay to use car pool lanes increase economic efficiency? Explain.

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The graph below depicts the daily demand and supply for parking spaces. The demand curve is downward sloping as usual, but the supply curve is vertical because there are a fixed number of spaces available at any given time. If the university does not charge a price to park by the hour, the problem this causes is a ______. To resolve this problem the university could charge $ _______ per hour to park. Part 2. The diagram below is a more realistic depiction of the market for parking spaces at another university. Rather than a single demand curve, there are two demands depending on the time of day. Peak demand, Dpeak, occurs between 9am and 3pm, and off peak demand, Doffp, occurs the rest of the day. Suppose the university want to add enough spaces to eliminate the shortage. How many additional spaces would the university need to add? ______ spaces Part 3. Suppose the university does not have enough funds to provide any more spaces. In order to eliminate parking congestion,…

Do you think that electronic cigarettes should be taxed and regulated like conventional cigarettes? Explain.

Why does OSHA face a daunting task in regulating workplace safety? (Just describe one reason)