Unformatted text preview: bidder. Assuming villagers can both borrow and lend at 15 percent annual interest, how much will the right sell for at auction? How will the new owner use the right (how many llamas will graze on the commons), and what will be the resulting total village income? On my honor, as an Aggie, I have neither given nor received unauthorized aid on this assignment. Signature _____________________...
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- Spring '08
- French Revolution, Auction, Livestock, 15 percent, total village income