Each person has willingness-to-pay function

Assignment Help Business Economics

Reference no: EM131173355

Suppose a small community of 200 people want to save a rare Toad. Each person has a willingness-to-pay function of P = 2.5 -2.0Q, where P is the per-Toad price that she or he is willing to pay to save Q rare Toads. To save a Toad, they must capture it and tag it. To do so, the marginal cost is estimated to be $100 per toad. How many toads would they save if they are trying to maximize the net benefits?

Reference no: EM131173355

Questions Cloud

Determine the characteristics of a successful project plan : Deconstruct the project planning process and how that affects human resource management. Identify the scope of projects and the structure of the accompanying work. Use technology and information resources to research issues in managing human resource..

Calculate the seller proceeds at settlement : A home is being sold for $168,250, and the settlement is scheduled for June 28. The earnest money deposit is $1,500 and a due diligence fee $125. The seller's loan payoff is $92,589.62. The broker commission is 5.5% of sales price. Calculate the sell..

Explain the importance of situating a society cultural : Explain how key social, cultural, and artistic contributions contribute to historical changes. Explain the importance of situating a society's cultural and artistic expressions within a historical context.

End of the first day of trading : The offer price was $14 a share, the spread was 8 percent, and the lockup period was six months. The stock closed at $17 a share at the end of the first day of trading.

Each person has willingness-to-pay function : Suppose a small community of 200 people want to save a rare Toad. Each person has a willingness-to-pay function of P = 2.5 -2.0Q, where P is the per-Toad price that she or he is willing to pay to save Q rare Toads. To save a Toad, they must capture i..

Standard deviation of the stock returns : Need work shown-You find a certain stock that had returns of 14 percent, -27 percent, 19 percent, and 21 percent for four of the last five years, respectively. The average return of the stock over this period was 9.5 percent. What is the standard ..

Prepare a comparison of the compensation and benefits costs : Prepare a comparison of the compensation and benefits costs that you will deliver to the company's owners. Create at least 1 chart to visually depict the most relevant data. Address the issues of greatest concern to the owners. Provide several par..

Ethical implications of undertaking transaction : Assume that Lehman's Repo 105 transactions fall within the limits allowed by generally accepted accounting principles as Lehman's management has argued. What are the ethical implications of undertaking transactions expressly to temporarily hide ho..

Make a thermodynamic analysis of this process : If the higher-pressure steam expands in a turbine of 78% efficiency and the lowerpressure steam is compressed in a machine of 75% efficiency. Make a thermodynamic analysis of this process.

User Account

All Pages