What is cost of life in cba and how do we compute it

Reference no: EM133319173

Question 1. What is cost of life in CBA and how do we compute it? Why is it different for different age groups and across countries? How would you compute "cost of life"? Why is the cost of life higher for younger people and for children from better socioeconomic backgrounds? Show this by discussing quantitative and qualitative factors. How would you go about pricing cost of life? Is your answer the same across countries?

Question 2. If CBA is not right for evaluating a project what are some other ACCEPTABLE methods for doing it? What are the pros and cons of these alternatives? Please explain fully.

Reference no: EM133319173

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