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Chapter 11 Autos and Highways Urban Transportation Three basic problems caused by autos Congestion What is the optimum level of congestion Pollution Alternative control policies:…

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Documents Chapter 3. * Prerequisite: A binary relation R on X is said to be Complete if xRy or yRx for any...

Slide 1Chapter 3 Slide 2 * Prerequisite: A binary relation R on X is said to be Complete if xRy or yRx for any pair of x and y in X; Reflexive if xRx for any x in X; Transitive…

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Supply and demand Supply and demand Part 3 1 Underlying assumptions in economic theory The underlying value judgement Individual (Homo oeconomicus hypothesis) sovereignty:…