Find the incremental benefit using either one of function

Assignment Help Business Economics
Reference no: EM13853445

Three years ago Maricopa County implemented a policy to tackle the problem of particulate matter in the air. The project/policy consisted in paving and compacting some of the roads the dairy industry uses for feeding the cattle and transporting the milk in the West part of Maricopa. At the beginning of the project the abatement level was estimated to be in 10 units (micrograms per cubic meter). After 3 years of project implementation, the abatement levels rose to 20 units. The Maricopa Environmental Service Department estimates that

MSB = 120 – 2.5A

whereas

TSB = 120A – 1.25A².

Find the incremental benefit using either one of the functions (from 10 units to 20 units). Express your results in million dollars.

Reference no: EM13853445

Questions Cloud

Trusted computer system evaluation criteria : How well did the Common Criteria (CC) address these four problems of TCSEC - relevance and correctness of content, clarity and logical flow, spelling, grammar, and proper citations/bibliography.
Using an annualized equivalent cost analysis : Machine A costs $20,000, lasts 3 years and has a salvage value S of $3,000. Machine B costs $12,000, lasts 2 years and has a salvage value of $2,000. The machines can be purchased at the same price with the same salvage value in the future, and are n..
How much the workers in risker job should should get paid : Farm workers in Oaks Farmville face a 1/198 probability of death at work and each of them receives a yearly wage of $61,000. Farm workers in Valley Farm face a 1/54 of death at work. Assume that both kinds of job require the same level of skills, eff..
Which immunological process is impaired in jeremiah? : Which immunological process is impaired in Jeremiah? Which is the gene/s that could be implicated in this deficiency?
Find the incremental benefit using either one of function : Three years ago Maricopa County implemented a policy to tackle the problem of particulate matter in the air. The project/policy consisted in paving and compacting some of the roads the dairy industry uses for feeding the cattle and transporting the m..
Find function for how much capital and labor firm : A firm has a production function represented by: q=L^(.75)K^(.25) Find a function for how much capital and labor a firm should hire to produce a given level of production in terms of the price of labor, w, and the price capital, r. Suppose w=15 and r..
Expected revenue-expected variable costs and expected costs : Suppose the hotel in the lecture example raised its price from $30 to $30.50. With the new price, the hotel expects 96 guests to arrive 5% of the time, 97 guests 10% of the time, 98 guests 20% of the time, 99 guests 30% of the time, 100 guests 25% of..
Solve for the amount of labour and capital in each industry : Suppose that computers use two units of capital for each worker, so that KC = 2LC, while shoes use 0.5 units of capital for each worker, so that KS = 0.5LS. There are 100 workers and 100 units of capital in the economy. Solve for the amount of labour..
How the process of noise can reduce the value of promotions : Explain how the process of noise can reduce the value of promotions within a busy and crowded marketplace.

Reviews

Write a Review

Business Economics Questions & Answers

  What is a budget deficit

What is a budget deficit. Explain how are budget deficits financed? Why do Keynesians believe that budget deficits will increase aggregate demand.

  Explain how many sodas will the consumer purchase

explain how many sodas will the consumer purchase in a typical month. Illustrate what is the elasticity of demand for soda.

  Making predictions about market outcomes

According to the World Bank’s Mind, Society, and Behavior, which two economists are associated with the removal of psychological factors from economics generally and from “making predictions about market outcomes” in particular?

  Should the us government impose tariffs on imports

Should the U.S. government impose tariffs on imports from China given that China artifically deflates the value of the Chinese currency to increase their export sales?

  What is the dollar value of the invoices in exercise

What is the dollar value of the invoices in exercise 13 if the dollar: a. depreciates 10 percent against the Australian dollar b. appreciates 10 percent against the British pound

  What is the annual equivalent cost for the truck

The initial cost of a pickup truck is $12,859 and will have a salvage value of $4,027 after five years. Maintenance is estimated to be a uniform gradient amount of $181 per year, with zero dollar for first year maintenance. The operation cost is esti..

  Explain how global economic competition impact price

Explain how does global economic competition impact price elasticity in domestic market and decisions related to strategy a firm uses to compete.

  Pros and cons of reaching negotiated deal versus auctioning

A movie made by a motion picture company had a large amount of bad publicity during its production due to being over-budget, its length being too long, and an element of uncertain topic-content appeal. It’s opening weekend showed a solid but not spec..

  How employer-provided health insurance

Discuss in detail whether health insurance should be provided by employers. (Hint: refer to how employer-provided health insurance may address adverse selection, moral hazard, health care costs, etc.)

  Do we have as consumers to the losers of globalization

do we have as consumers to the losers of globalization? Discuss and justify your postings and responses with other students in our course.

  The economy''s factors of production

The economy's factors of production are not equally suitable for producing different types of goods. This principle generates:

  Fact that many goods are non traded affect the extent

Elucidate how does that fact that many goods are non traded affect the extent of possible gains from trade.

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!

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