23.07.2022 - 23:41

# Taylor’s neighbors would be willing to pay Taylor ___ to keep a well-groomed lawn. a) $1 b) more than$1 but less than $5 c) more than$10 d) no more than $10 Question: Taylor lives in a residential neighborhood that prides itself on well-groomed lawns. Taylor’s neighbors find that the collective marginal benefit of someone else’s well-groomed lawn is$10. Taylor, however, dislikes yard work and receives zero net benefits from an unkempt lawn a net benefit of -$1 for a well-groomed lawn; the cost of maintaining the lawn is a dollar more than Taylor’s benefit of having a well-groomed lawn.  Unkempt Well-groomed Net value to Taylor 0 -1 Net value to Taylor’s neighbors 0 +10 Taylor’s neighbors would be willing to pay Taylor _____ to keep a well-groomed lawn. a)$1

b) more than $1 but less than$5

c) more than $10 d) no more than$10

The answer is c) more than $10. Taylor's neighbors have a collective marginal benefit of$10 from someone else's well-groomed lawn. This means that if Taylor keeps their lawn well-groomed, their neighbors will collectively benefit by $10. However, Taylor only receives a net benefit of -$1 from a well-groomed lawn. This means that the cost of maintaining a well-groomed lawn is $1 more than Taylor's benefit of having one. Therefore, for Taylor to keep their lawn well-groomed, their neighbors would need to pay them more than$10 to cover the cost of maintenance and provide Taylor with a net benefit. Option c) is the only option that exceeds the $10 threshold. Do you know the answer? Not sure about the answer? Find the right answer to the question Taylor’s neighbors would be willing to pay Taylor ___ to keep a well-groomed lawn. a)$1 b) more than $1 but less than$5 c) more than $10 d) no more than$10 by subject Environmental science, and if there is no answer or no one has given the right answer, then use the search and try to find the answer among similar questions.