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A DOT is performing a benefit-cost analysis of a new highway using an analysis period of 40 years as part the required environmental impact assessment of the project. The section of highway is estimated to have a construction cost $260 million dollars. The public benefit in reduced travel time and economic development around the highway is estimated to be $17 million per year for the first 5 years, then decrease by 3% per year for the remainder of the 40 year analysis period as congestion grows and economic development slows. The public disbenefit is estimated to be $1.3 million dollars in year 0 due to additional congestion and pollution during construction and then average $170,000 per year over the 40-year project life in environmental costs due to increased runoff and vehicle emissions. Using an interest rate of 4%, determine the benefit-cost ratio for this project using public/government version of the B/C ratio. Express your answer to two decimal places. Please show the correct steps for this question
What empirical method generally is used to measure the degree to which products substitute for each other?
Explain how would you extend the above narrative to businesses, society as a whole or nations.
The United States government releases a report saying that coffee consumption makes you live a longer, healthier life. At the same time, we discover that a very bad winter has killed most of the coffee plants in Brazil. How will these two changes aff..
The mayor of Denver wants to upgrade the public transportation system. In order to fund the improvements, the mayor proposes charging an extra $1 for each ride taken.
How could understanding domestic politics through the major CP theories introduced in this course increase our knowledge about major current events in world politics, such as, among many other important issues the refugee issues many states face now?..
The Bureau of Economic Analysis and access the BEA interactively by selecting "National Accounts" and then "National Income and Product Account Tables." Select "Frequently Requested NIPA Tables," and find Table 1.1.1 on GDP.
What is the Coase Theorem? Explain the relevance of each of the following conditions for the applicability of the theorem? Describe the difference between the logic of market processes and the logic of democratic political processes? How does this re..
The Topic is Marketing ( Product, Services , Branding ,Packaging ) If you don’t trust yourself at that topic please don’t answer the questions , All 7 question has to be answered
If the average worker produces $80,000 of GDP, explain by how much will GDP increase if there are 150 million labor-force participants and the unemployment rate drops from 5.2 to 4.5 percent.
Write down an expression for the profit GBC will make if it uses L units of labor at $1 an hour and sells the resulting output of cookies at $p a cookie.
Describe the Harrod-Domar growth model, and explain precisely how the model illustrates dynamic instability. Why is it often called the knife’s edge model?
Suppose someone else tells you that even if average real wages or average real compensation per hour increase, economic inequality could increase as well. Is this possible? To judge that overall prospects for a motion, what information might you want..
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