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A worker, who is typical in all respects, works for a wage of $30,000 per year in a perfectly safe occupation. Another typical worker does a job requiring exactly the same skills as the first worker, but in a risky occupation with a known death probability of 1 in 1,000 per year, and receives a wage of $36,000 per year. What value of a human life for workers with these characteristics should a cost-benefit analyst use?
The construction of a dam that would provide hydroelectric power would result in the loss of two streams: one that is now used for sport fishing, and another that does not support game fish but is part of a wilderness area.
a. Imagine that a CV method is used to estimate the social cost of the loss of each of these streams. Would you be equally confident in the two sets of estimates? Why?
b. Consider two general approaches to asking CV questions about the streams. The first approach attempts to elicit how much compensation people would require to give up the streams. The second approach attempts to elicit how much people would be willing to pay to keep the streams. Which approach would you recommend? Why?
Do you think diminishing marginal utility is a necessary condition to get diminishing MRS? Use your answers for (a), (d), and (e) to justify your answer.
Fleet rental car company purchased 10 new cars for a total cost of $180,000. The cars generated income of $150,000 per year and incurred operating expenses of $60,000 per year. The company ises MACRS depreciation and its marginal tax rate is life ..
How can a country's GDP be manipulated
Estimate the costs of such things as rent, gasoline, food, etc. in your local area and decide how far the amount of money shown in the chart would go in taking care of a family of four.
How might liability dollarization worsen the financial market disruption caused by a sharp depreciation of the domestic currency against the dollar?
Duty of care determines an expectation that harmful or potentially harmful impacts of organisational operations and activities will be managed in order to avoid dangerous hazards and risks.
Give an example of fault base testing technique as used in software engineering.
Why do you think the FED evaluates the money multiplier when making decisions with regard to the money supply What function does the money supply serve in our economy to influence certain economic variables
Write a research Paper on Inflation and Employment.
Graph the information for consumption(C) and the consumption and investment(C-I) schedule. Show the equilibrium point
The Keynesian approach to macroeconomics assumes that A) wages, but not prices, adjust quickly to balance quantities supplied and demanded in markets.
Project the effect of national economic conditions regarding trade and specialization business decisions.
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