The following hedonic equation incorporates five attributes: dwelling size, job access, school quality, air quality, and crime: V = P, · B+P,• J +Ps• S +Px • A + Pc· C P; is the price of component J,...

Extracted text: The following hedonic equation incorporates five attributes: dwelling size, job access, school quality, air quality, and crime: V = P, · B+P,• J +Ps• S +Px • A + Pc· C P; is the price of component J, B is the number of bedrooms, J is the distance to a concentration of jobs, S is the average test score of local schools, A is a measure of air quality, and C is the neighborhood crime rate. Which of the following is true? a. All Ps are positive b. Ps for {B, S, A, J} are positive, and Ps for {C} are negative. c. Ps for {B, S, A} are positive, and Ps for {J, C} are negative. d. Ps for {B, J, S} are positive and Ps for {A, C} are negative.