A local band practices next door to Joe,who enjoys a peaceful and quiet environment.The benefit (in present value terms)to the band of practicing is $100 and the cost (in present value terms)to Joe of the band practicing is $150.
(
A)What will happen if the band is held legally liable for their noise damage? Assume this is the only place they can practice.

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The Answer of A local band practices next door to Joe,who enjoys a peaceful and quiet environment.The benefit (in present value terms)to the band of practicing is $100 and the cost (in present value terms)to Joe of the band practicing is $150.
(
A)What will happen if the band is held legally liable for their noise damage? Assume this is the only place they can practice.

A Local Band Practices Next Door to Joe,who Enjoys a Peaceful