4. Consider a community with 80 vacant parcels. The value of developed parcels can berepresented by V=80-X, where V is measured in 1000s of $. X represents the number ofdeveloped parcels. Each parcel costs 10,000 (C=10) to prepare for development.The social value of undeveloped parcels can be represented by the function U=10+X, where Uis also measured in 1000s of $.What is the efficient number of developed parcels?How many parcels will be developed if each parcel is owned by a separate individual,maximizing their own profits?

Given, Total Number of Vacant parcels = 80 Value of Developed Parcel :V=80-X Cost of Developing a…

Answered: 4. Consider a community with 80 vacant…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Refer to the table below. According to the Cost-Benefit Principle, how many units of this activity should be carried out? Select one: a. 2 b. 3 c. 4 d. 5 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
-- 49. Table 11-4 There are four homes along Belmont Circle, which surrounds a small plot of land. The land currently has no trees, and the 4 homeowners - Adams, Benitez, Chen, and Davis -- are considering the idea of contributing to a pool of money that will be used to plant up to 4 trees. The table represents their willingness to pay, that is, the maximum amount that each homeowner is willing to contribute toward each tree. Adams Chen $100 First tree Second tree Third tree Fourth tree A. 3 B. 2 C. 1 50 D. 4 20 10 Benitez $115 110 100 50 $120 110 80 40 Davis $90 Refer to Table 11-4. Suppose the cost to plant each tree is $90. How many trees should be planted to maximize the total surplus of the four homeowners? 50 30 O
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multiple choice 34. Which of the following statements about next generation biofuels is correct?a. The objective of next generation biofuels is to use inorganic materials that will notdrive up food prices.b. The cost of next generation biofuels are low.c. The next generation biofuels will use sugarcane rather than corn.d. The next generation biofuels will not use any part of the corn plant. 35. Which best describes the economic view of energy efficiency?a. We should have the key focus of saving energy.b. We should adopt more energy efficient appliances as long as the technology isavailable.c. We should provide rebates for increases in the marginal product of energy.d. We should invest in economically efficient energy use. 36. Why might an economist be against a ban on incandescent light bulbs?a. A ban does not consider individual preference and willingness to pay.b. CFDs and LEDs are prohibitively expensive for income families.c. The use of incandescent light bulbs is accompanied by…
6. A few months later, Mary is sick again but decides that she cannot afford to go to the doctor this time. Unfortunately, her condition worsens. She is hospitalized for two days and misses eight days of work. Her hospital stay, including medications, costs $2,500. How much does this hospital visit cost Mary (including deductible, co-pay, her 20% share of the cost, and missed work days)?
INTR.27 A city is debating whether or not to build a new park. The city owns the land, having purchased it 50 years ago for $25,000. A local restaurant developer has offered $700,000 for the land. The development costs for the park would be $100,000. What is the minimum amount of the benefits for the park development in order to be rational for the city? a $100,000 b $125,000 c $800,000 d $825,000
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9 C-5 Performance Task.pdf O File C:/Users/abayari/Downloads/C-5%20Performance%20Task.pdf C-5 Performance Task.pdf 1 /1 - 100% 1. Problem: Leonel inherited one hectare of land which is designated for planting palay. Since he has no knowledge in tilling the land, he decided to hire farmers. Fill in the blanks with the missing information and answer the following questions. Total Marginal Average Labor Product Product Product 8. 20 3 40 4. 13 62 6. 73 7 1. Units of labor at which the marginal product of labor reaches its maximum. 2. Units of labor at which the point of diminishing returns is met. 3. The value of total product at zero marginal product. 4. If Leonel is a rational producer, how many workers does he need to hire? 5. At which worker does stage 1 ends? 6:46 PM 2/6/2021 Tools

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