1. Is it fair to ask citizens who own dog(s) to pay a yearly fee to use the park? Would it benefit the residents economically to build town houses or Dog Park?
2. Land, labor, capital
3. Land and capital
4. Residents and possibly some tourists
5. Building 40 town houses because the town is rapidly growing due to job offers.
6. A. Pro-Town can use the money for development of public goods. Con-It would increase congestion. B. Pro-More homes for new families. Con- Over Populated.
7. Condominium because if the land is sold to the real estate developer, more homes would be owned and that’s not what the citizens of the town want.
8. Positive externalities; Proposal-Build a dog park. Benefits-Residents have a place to take their dog(s). Cost-$625,000 or $850,000 offered to build houses. Decision- Yes, to benefit where dogs can play and no more housing because the city will be over capacitated. Negative externalities; Proposal-Building a dog park. Benefits- Money made from residents yearly bill to use park. Cost- Same. Decision- No, because it would cost too much to purchase the land and there’s no track of the non-registered dogs who may still use the park without being charged.
9. Eventually the city will benefit by charging the residents to use the park.
10. I propose that the town build the dog park because the residents have nowhere for their dogs to play, run, and interact with other dogs. Also, a grant will be issued to help build the park. This dog park could raise our standard of living by allowing residents a place to take their dog(s) and by charging them a fee each year. The ability to use macroeconomics to come to this conclusion was essential to my decision.