Urban economics homework Assignment Example | Topics and Well Written Essays - 500 words - 3

Urban economic science homework - Assignment Exampleb) Utilities are a typical household expense that can motor a persons monthly expenses up or down, depending on the season. Therefore, it is not possible that only the 50 residents can have the same direct of utility.c) Capitalization causes the remainder, and the price per unit housing may differ following the fact that, equilibrium between the two jurisdictions, and poor households are the majority in the inner parts of an urban area where they vote for a low habitual service level. At the same time in the suburbs, the majority households are rich and they vote high public service. However, the exchange cost, estate of the realm prices, and income can adjust making both case of households indifferent between jurisdictions.a) In see to the household wealth complements, people prefer to live in communities with a higher level of public good and higher taxes than others. The economic intuition for this behavior can be attri buted to the source and level of income that a households gets on a monthly base or annually. This would differentiate between the two types of household (Balchin, Paul, David Isaac, and Jean).b) As mentioned earlier in case 1 the utility level depends on a season. Again the nub of income comes in where by high income earners utility level is presumable to be high compared to that of low income earner.c) The equilibrium level in terms of price per house cannot remain constant. This is because factors such as the commuting cost, land prices, income, environmental conditions, security, house demand and the quality of a those house units keeps on changing.d) It is unlikely that the wage level between the two types of households is the same following the fact that households with above-average income pay high taxes than they get while households with modest than average income get more than their tax liability.Households with higher incomes demand more of the public good, they are li kely to pay high taxes due to rising income if