What economic question.docx - Yesenia Lopez-Acevedo Foundations economics unit 1 No Dogs Allowed Portfolio project 1 What economic question(s does this

What economic question.docx - Yesenia Lopez-Acevedo...

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Yesenia Lopez-Acevedo January 20, 2018 Foundations economics unit 1 No Dogs Allowed Portfolio project 1.What economic question(s) does this case require the town to ask? * what is more important the dogs or the other building for example schooland stores, and are dog really in need of that park. 2. List the possible resources that the town would need to construct and maintainthe park. *a work crew to clear the wood out.* a way to get water to the fountain.* and people to keep the park clean and maintained. 3. What town resource(s) are scarce? (1 points)* The woods and trees and the school. 4. Who will be the consumers using this public good? (2 points)* the registered dogs and the also the ones that aren’t registered. 5. a. What is the opportunity cost of building this park? Explain. (5 points) * they will not get the 850,000 dollars the investor offered. b. Identify at least one pro and one con for each of the following options: 1. leaving the land undeveloped: the pro is there is going to be a public area for the dog and their owner.
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