ECON 312 Final: ECON 312 Fall 2017 Final Exam
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Last name: _____________________ This exam has a total of _15_ pages including this cover page and _0_ pages of separate handout(s). Students must count the number of pages and report any discrepancy immediately to the invigilator. This exam is to be answered: ncs answer sheets (section 1, on the paper (section 2) Marking scheme the exam is worth 120 points. You must answer all questions from both sections of this exam. Unless otherwise stated, assume that markets are competitive. Multiple choice (3 points each) For simplicity, assume all families are renters and are the same size. Assume that the housing stock remains fixed over time. If the crd goes ahead with sewage treatment, then what would you expect would happen to annual rents in. Econ 312 (urban land economics), a01: consider the following neighbourhood sorting diagram: ra-rb rent premium curve for poor rent premium curve for rich. This is meant to illustrate the number of rich residents in neighbourhood a.