How should we address the value of human and bat life

Assignment Help Microeconomics
Reference no: EM133240906

If the project proceeds as originally planned, there is a 25% chance that the bat species will become extinct, resulting in a public relations nightmare that would bankrupt the company and cause $1 billion in shareholder losses. If TWW spends $300 million in an attempt to relocate the bats, there is a 10% chance that the attempt will fail and the bat species will still become extinct. If TWW spends $100 million in an attempt to reduce the project to "build around" the bats, profits will decline by 30% and there is a 20% chance that the attempt will fail and the bat species will still become extinct.

Choice a: Do nothing and proceed with project as originally planned. Choice b: Maintain the project's original scope and attempt to relocate the bats. Choice c: Reduce the project's original scope and attempt to protect the bats. Choice d: Shut down the project.

-Choosing to Maintain the project's original scope and attempt to relocate the bats.  

Answer below.

A brief explanation of the factors that influenced your decision to maintain the projects original scope and attempt to relocate the bats.

From a Faith perspective, how should we address the value of human and bat life? 

Can traditional economic models adequately quantify these factors?

Reference no: EM133240906

Questions Cloud

How much producer surplus does sarah get in transaction : A regular customer arrives, who ordinarily pays $30 for two lobsters. How much producer surplus does Sarah get in this transaction?
Write introduction about randomized controlled trial paper : Write an introduction about a randomized controlled trial research paper. For using supplementation rich in zinc arginine and other antioxidants for patients
What issues do we need to consider in tendering : What issues do we need to consider in tendering and procuring desktops? What strategies are available for maintaining and managing desktops
Define capacity planning : Define capacity planning. Outline the ITIL approach to capacity planning. Why is it important? Explain some of the tools needed for capacity planning
How should we address the value of human and bat life : If the project proceeds as originally planned, there is a 25% chance that the bat species will become extinct, resulting in a public relations nightmare that wo
How might it staff differ from the rest of staff : How might IT staff differ from the rest of staff in the organisation? Explain the IT / Business culture gap
Value of producer surplus at market equilibrium : 1. Vintage champagne has the following demand function Qd = 79 - 2P and a supply curve given by Qs = P. What is the value of the producer surplus at the market
Describe sfia, its categories and maturity levels : Describe SFIA, its categories and maturity levels. Note that there are many skills that address strategy, service and customers and not so many concerning
Understanding of the economic concepts : To develop the skill of making and assessing economic arguments and to deepen understanding of the economic concepts introduced in Chapters 4 and 26.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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