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The least cost avoider is the actor who can act to prevent a loss at the lowest cost. Assume a factory is polluting the air in a residential neighborhood. If it is cheaper for the factory to install a scrubber, move, or stop operations than it is for the residents to move to a new location or otherwise avoid the pollution, then the factory is the least cost avoider. If it is cheaper for the residents to move away from the nuisance, they are the least cost avoiders. Check out Ronald Coase and Guido Calabresi for more.
What else can I help you with?
What is an avoider?
An avoider is a person who intentionally avoids things, or a vessel in which objects are carried away in order to avoid other objects.
Who do you tell about a tax avoider?
http://www.hmrc.gov.uk/tax-evasion/hotline.htm
How do you say avoid in a noun?
The noun forms for the verb to avoid are avoider, avoidance, and the gerund, avoiding.
What is least cost site?
a least cost site is a business location that allows businesses to minimize its cost.
What is meant by 'least cost routing'?
There are many things that is meant by the phrase 'least cost routing'. 'Least cost routing' typically refers to the process of selecting the path of outbound communications.
How much do ham hocks cost normally?
i think at least a ham hock cost at least about 2.13$ some where about IN that area
How much does popcorn cost at Walmart?
It cost at least 3.00 at walmart!
What is the average cost of a processed jar of honey?
at least $5. at least $5.
What is the cost of a dodge ball?
a dodge ball cost at least $5 to $10
Is use of least-cost input combination a necessary condition for profit maximization is it a sufficient condition explain?
1. Minimization of Cost for a Given Level of Output: Least Cost Conditions
How much does it cost to get a laptop fan cleaned out?
It cost about $30.00 at least that is how much charge.
How much does the env 3 cost?
Well it may cost @ least 49.00 @the most
