--%>
Assignment Help - homework help

Parking meters may yield little or no net revenue

Explain: “Even though parking meters may yield little or no net revenue, because of the rationing function they perform nevertheless be retained”

E

Expert

Verified

Even parking meters that charge, say, 25 cents an hour do perform a useful parking-spot-rationing function: the car owner must either move the car when the hour is up or rush out to feed the meter to avoid getting a ticket.  It is not money or ration coupons that ration the parking space but the timing device on the meter in this case.

   Related Questions in Business Economics

  • Q : Explain how women expanded production

    Explain how women expanded production possibilities?

    		•
  • Q : Estimate the impact of education on

    Using a random sample of 670 individuals for the population of people in the workforce in 1976, we want to estimate the impact of education on wages. Let wage denote hourly wage in 1976 U.S. dollars and let educ denote years of schooling. We obtain the following OLS regression line: wage = -0.54

    		•
  • Q : Calculating fat-tax Question: Max has a

    Question: Max has a utility function U =√ x1x2 where x1 is litres of ice-cream and x2 is boxes of strawberries. The marginal utility of a litre if ice-cream is

  • Q : Regulate prices to ensure against

    Not between exact activities for government to undertake, according to Adam Smith, would be for the government to: (1) maintain public institutions and public works. (2) protect society by invasion. (3) serves as a medium for law and justice. (4) regu

    		•
  • Q : What are the benefits and costs of

    What are the benefits and costs of Marginalism?

    		•
  • Q : Perfectly competitive market and its

    Which of the given is not a characteristic of a perfectly competitive market structure: w) there are a very huge number of firms which are small compared to the market. x) All firms sell the same products. y) There are no restrictions to entry through

    		•
  • Q : Illustrate Rational Behaviour of

    Illustrate Rational Behaviour of Economic Perspective?

    		•
  • Q : Creating a Business Report Business

    Business Report Objectives This assessment item relat

    		•
  • Q : Problem on current production

    I have a problem in economics on current production possibilities frontier. Please help me in the following question. The combination of 70 units of clothing and 30 units of food are: (1) Completely employs the economy's capacity. (2) Would leave most

    		•
  • Q : Describe the types of multiplant firms

    Describe the types of multiplant firms?

    		•