User Account

All Pages

Consumers in protecting themselves against the threat

Assignment Help Business Management
Reference no: EM133436390

In late 1987, trichloroethylene (TCE) was detected in one of the town wells in Perkasie, a town in southeastern Pennsylvania. Concentrations of the chemical were seven times the EPA's safety standard. Since no temporary solution was available to reduce concentrations on safe levels, the country required the town to notify customers of the contamination. In estimating how serious the risk posed by the contamination was and how much damage was actually caused, analysts heavily relied on costumers' actions on: (1) purchase of bottled water; (2) installation of home water treatment systems; (3) hauling water from alternative sources; (4) boiling water. Through a survey analysts were able to discover the extent of each of these actions.

1. What type of valuation method is being used in obtaining an estimate on the damage due to TCE?

2. How does that estimate compare to the true willingness to spend of consumers in protecting themselves against the threat? Explain.

Reference no: EM133436390

Questions Cloud

Higher levels of environmental quality : Prove graphically that a technological change that lowers marginal abatement costs (MAC) can lead to higher levels of environmental quality.
Thinking about what you now know of resources-demographics : Thinking about what you now know of resources, demographics, energy needs/demands, the environment, and your own way of living,
Invest in the energy-efficient pump : If your company uses a MARR of 10%, would you invest in the energy-efficient pump?
Trade performance of greece allocated economy : Compare and contrast the key macroeconomic indicators and trade performance of Greece's allocated economy.
Consumers in protecting themselves against the threat : How does that estimate compare to the true willingness to spend of consumers in protecting themselves against the threat? Explain.
Sustainability issue collectively : Identify and briefly describe the cultural , social , political , and economic factor of the region that affect their collective responses.
What are some threats faced by bicycle manufacturing : What are some threats faced by a bicycle manufacturing company, and why would they be considered a threat? Provide at least three examples.
What is liability of newness : What is liability of newness? What can a new venture do to overcome the liability of newness?
Describe purchasing behavior of your target customer : Describe the purchasing behavior of your target customer; why are they purchasing your product (3D Printing Service), how do they make a purchasing decision,

Reviews

Write a Review

Business Management Questions & Answers

  Expectations of stakeholder for a nonprofit organization

What are some differences that one might anticipate among the expectations of stakeholder for a nonprofit organization versus a for-profit business? Do you believe nonprofit managers have to pay more attention to stakeholders than business man..

  Highest level of employee involvement

(blank) is the tendency to experience stronger negative emotions when losing something of value than the positive emotions experienced when gaining something of equal value. Which of the following decision­making activities tends to make the most u..

  Provide a real world example of lean manufacturing

Provide a real world example of Lean Manufacturing and support your opinion with a relevant example or reinforce your position(s) with applicable reference cite

  Impact of sarbanes-oxley legislation

Conduct research and respond to questions related to corporate ethics scandals, unethical behavior, and the impact of Sarbanes-Oxley Legislation

  Find the quantity of food and the quantity of c

Find the quantity of food and the quantity of C that Fatima should buy and the level of utility.

  Staff members are not washing their hands between patients

Clinical staff members are not washing their hands between patients. Employee attacks patients while under the influences of narcotics.

  Industry was eliminated by new technology

Describe how a particular company or industry was eliminated by a new technology. For example, how did the digital camera destroy the film market?

  Is operating cash flow an accounting profit

Is operating cash flow an accounting profit?

  Gas station are thought to be independent of one another

Daily sales at a gas station are thought to be independent of one another with daily mean $5250 and standard deviation $700.

  How does servant leadership differ from path-goal theory

The leader is at the core of group change and activity representing the backbone of the group or organization. Leadership is viewed as:

  Information system managers in today economy

Explain why relationship skills are becoming more important to Information System managers in today's economy.

  Identify and discuss some of the main elements of lean think

Identify and discuss some of the main elements of lean thinking and JIT. How can these concepts be used for effective planning and control of an operation?How are these two concepts different from the materials requirements planning (MRP) syste..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd