The tiny town of nemo has three neighborhoods located on a straight line: neighborhood 1, neighborhood 2, and neighborhood 3, with neighborhood 2 located equidistant between neighborhood 1 and neighborhood 3. there is one daycare center, located on neighborhood 1. there are 10 families residing in each neighborhood, and each family has one child. each family is willing to pay $70/day for daycare, and prefers daycare closest to its own neighborhood (though at current distances, families will purchase daycare services even if it’s two neighborhoods away). families are indifferent between any two daycares in the same neighborhood. suppose that daycare costs $30/day per child to provide. a new daycare center is thinking of opening in nemo. if both daycares will keep their price at $70/day, which neighborhood should the new daycare open in?
1) neighborhood 1
2) neighborhood 2
3) neighborhood 3
4) it does not matter

How does your household gain from specialization and comparative advantage? (what is produced, what is not produced yet paid to a specialist to produce? )

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000

Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource.(a) measles vaccinations (b) tuna in the pacific ocean (c) airline service in the united states (d) local storm-water system