The Case: No Dogs Allowed

Topics: Dog, Economics, Pet, Opportunity cost, Market failure, Economics terminology / Pages: 4 (905 words) / Published: Sep 9th, 2014
The Case: No Dogs Allowed

1. What economic questions does this case require the townb to ask? What is a dog park and how does it benefit the community? Can people or dogs get hurt at a dog park? How will dogs fight be avoided? If a dog park is built, will there be space available for an affordable recreation facility?
2. List the possible resources that the town would need to construct and maintain the park? Some possible resources that are needed to construct and manitain the dog park are:
Secured fences to prevent loose dogs outside of the park area
Trash cans and garbage removal material and equipment needed to clear the lan grass and lawn maintenance
Fresh drinking water and field drainage system
Lighting and benches for dog owners
Pooper scooper stations
Staff to construct and maintain the park
3. What town resources are scare? Limited public space and open space is dwindling in the town.
4. Who will be the consumers using this public good? The consumers this good would be the people who are the owners of dogs.
5. What is the opportunity cost of building this park? A. In terms of economics, opportunity cost is the value of the next-highest valued alternative use of that resource. In this case, the opportunity cost would be the offer of 850,000 dollars to purchase the land and build 40 new luxury homes. B. Identify at least one pro and one con for each of the following options. 1. Leaving the land undeveloped A pro in leaving the land undeveloped is saving the town resources and a con would be a waste of space that could be used for something to benefit the community.

2. Selling the land to real estate developers to build homes. A pro in selling the land to real estate developers would save the town's resources and money to do other things within the coommunity. A con selling the

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