--%>
Assignment Help - homework help

Parking meters may yield little or no net revenue

Explain: “Even though parking meters may yield little or no net revenue, because of the rationing function they perform nevertheless be retained”

E

Expert

Verified

Even parking meters that charge, say, 25 cents an hour do perform a useful parking-spot-rationing function: the car owner must either move the car when the hour is up or rush out to feed the meter to avoid getting a ticket.  It is not money or ration coupons that ration the parking space but the timing device on the meter in this case.

   Related Questions in Business Economics

  • Q : Roundabout production Describe the

    Describe the merits of “roundabout” production?  Describe the term “division of labor”?

    		•
  • Q : Describe Low financial leverage and low

    Describe briefly Low financial leverage, low operating leverage?

    		•
  • Q : Enterprise is dictated primarily by

    “The legal form an enterprise assumes is dictated primarily by the financial requirements of its particular line of production.”  Do you agree?

    		•
  • Q : Reciprocal Trade Agreements Act had

    How Reciprocal Trade Agreements Act had goal of reducing tariffs?

    		•
  • Q : Why is speculation unlike arbitrage

    Speculation is unlike arbitrage since: (1) speculative buyers always break even. (2) speculation causes increased costs. (3) speculators bear no risk. (4) positive returns for speculators are not sure. (5) competitive speculation equa

    		•
  • Q : Inefficiencies and inequities by

    An employer that exaggerates the safety of a position or the prospects for advancement to job applicants makes inefficiencies as well as arguable inequities due to: (1) signaling. (2) credentialism. (3) screening. (4) adverse selection. (5) a moral hazard.

  • Q : Society material wants are scarce

    Explain the foundation of economics where society’s material wants are scarce resources?

    		•
  • Q : What do you mean by Shuffling the Deck

    What do you mean by Shuffling the Deck?

    		•
  • Q : When productive resources are utilized

    While productive resources are utilized efficiently: (w) prices greatly exceed production costs for current outputs. (x) opportunity costs are at their minimums for all goods. (y) domestic production exceeds the value of foreign output. (z) the value

    		•
  • Q : Main economic functions of government

    Enumerate and briefly discuss the main economic functions of government.  Which of these functions do you think is the most controversial?  Why?

    		•