(Total Points 25) Suppose you serve on an environmental planning board for the government. Your task is to reduce air pollution around bus stops. Describe concisely how the assignment of property rights according to the Coase Theorem can improve the air quality for the city. You can define two parties associated to this problem, city dwellers and bus companies. Do not forget to describe how these rights are to be defined and how the rights are to be distributed to the parties. Is there a chance to achieve to an efficient solution

Rolston music company is considering the sale of a new sound board used in recording studios. the new board would sell for $27,200, and the company expects to sell 1,570 per year. the company currently sells 2,070 units of its existing model per year. if the new model is introduced, sales of the existing model will fall to 1,890 units per year. the old board retails for $23,100. variable costs are 57 percent of sales, depreciation on the equipment to produce the new board will be $1,520,000 per year, and fixed costs are $1,420,000 per year. if the tax rate is 35 percent, what is the annual ocf for the project?