Question 7 when the government wants to build a

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Question 7:When the government wants to build a highway that cuts across the property of manyowners, the economic justification for expropriation is
Question 8:B agrees to supply data processing services for A under a one-year contract for $12,000. Banticipates that the cost of providing these services will equal $10.000. B’s actual costs are$8000, all of which B incurs during the first three months of the contracti.e., B would incurno additional costs over the next 9 months. Six months after the contract is signed A cancelsits contract. The efficient measure of damages is:
Question 9:Consider a public beach just outside the city which becomes overcrowded and congested onsummer weekends as people escape the heat of the city. Propose an economically efficientregulation.
Question 10(Time Limitations on Squatters’ Rights)p. 155QUESTION 5.21: Suppose the statute of limitations for adverse possession is 10 years. After9.9 years of trespass owners retain full rights, but after 10 years of trespass owners lose all oftheir rights. Instead of owners losing their rights abruptly at the end of 10 years, the statutecould be written so that the rights depreciate gradually over time. For example, thetrespasser could be granted a 10 percent interest in the property for each year of adversepossession, so that after one year the trespasser would own 10 per cent of it and after10 years the trespasser would own all of it. Compare the efficiency of the “discontinuousrule” and the “continuous rule.”

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Term
Summer
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Adam, Blair

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