question archive Consider a nation with a fixed population of 12 million that is initially divided equally between two cities, Circusville and Dullsville
Consider a nation with a fixed population of 12 million that is initially divided equally between two cities, Circusville and Dullsville
Subject:EconomicsPrice: Bought3
Consider a nation with a fixed population of 12 million that is initially divided equally between two cities, Circusville and Dullsville. The urban utility curve is ????(????) = 15 + 12???? − ????^2. Suppose a dictator in Circusville initiates free circuses, financed by coercive transfer payments from people outside the region. The circus program initially increases the utility of living in Circusville by 3 utils. Graphically illustrate and discuss the effects of the circuses on the regional economy, including effects on (i) city sizes and (ii) regional utility.
Please answer only if you are also able to show the graphs as that's what I need!!
