QUESTION 6A public service official is appraising a project proposal for a project to be done by a domestic firm. The project's present values of benefits andcosts, at market prices, are $3000 and $1550 respectively. If the project goes ahead, tax of $700 will be paid to the country, and pollutioncosting an estimated $250 will occur in the country. Assuming that the firm is a part of the referent group, what are the net present valuesgenerated by:a) The market cost benefit analysis = $%3Db) the private cost-benefit analysis = $%3Dc) The efficiency cost benefit analysis = $%3Dd) the referent group cost benefit analysis = $Provide your answers to two decimal places. Do not include any commas in your answer (i.e. do not include a "," between numbers). Ensureyou show all your working in your spreadsheet.

Given, Benefits cost- $3000 Market Cost- $1550 Tax- $700

Answered: A public service official is appraising…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Over the past 40 years in the United States, the number of vehicles on the road has A) decreased but the number of vehicle miles has increased, and the pollution per car has increased. B) decreased, the number of vehicle miles has decreased, and the pollution per car has decreased. C) increased, the number of vehicle miles has increased, but the pollution per car has decreased D) increased, the number of vehicle miles has increased, and the pollution per car has increased.
Industrial pollution is often cited as an example of a negative externality, but what about smoking? Most of you grew up in an era when smoking was much less socially acceptable than when your parents and grandparents were young. Both students and instructors used to smoke in the classroom and it was allowed was allowed in many college classrooms as late as the 1970s. Although few, if any, colleges allow smoking in classroom buildings now, many bars and restaurants have smoking sections. (a) would you be willing to pay smokers to not smoke while they are in the same restaurant or (b) would you choose to sit in a restaurant’s smoking section to avoid a longer wait for a table in a nonsmoking section. Discuss the cost of the externality to you and others.
A utility company is closely monitoring a new set of federal guidelines recently passed by the EPA (Environmental Protection Agency) regarding allowable green house (CO2) emission levels. In this example, the primary external factor of concern for the utility company in question. environment is the A Technological Regulatory (also political and legal) C Competitive D Economic
52. Which of the following statements is TRUE? (A) COVID-19 is uniquely deadly. (B) Asymptomatic spread is a key driver of COVID-19 outbreaks. (C) Vaccines reduce the spread of COVID-19. (D) People who die with COVID-19 typically have comorbidities.
Aquatic invasive species are a threat to the ADK region as they have the potential to negatively impact the aquatic ecosystems of Adirondack lakes. These species include plants which choke up beach fronts, mussels that eliminate phytoplankton on which native ecosystems depend, and fish with no native predators that take over ecosystems. As part of a cost-benefit analysis, you have been asked to estimate the damages from these invasive species. Describe, specifically, how you would use at least TWO different non-market valuation techniques to estimate the damages from invasive species in the Adirondacks.
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13. The marginal benefit of being able to emit a ton of sulfur dioxide emissions for two firms are given by: MBx = 1000 – (Ex / 2 ) MBY = 600 – (Ey / 3 ) Note that these marginal benefit figures can be interpreted as marginal cost of abating emission down to levels Ex and Ey. Government regulators want to reduce total sulfur dioxide emissions to a total of 1800 tons. a) If the government imposes the same standard of 900 tons maximum emissions on both firms what would be the total cost of abatement (calculated as the aggregated marginal benefits forgone)? b) If the government distributed 900 tradable pollution permits (one ton each) to each firm what would be the final allocation of these permits after the firms trade them? What would be the total cost of abatement in this latter case?
(a) A magician recorded his magic show and broadcast it freely in internet. How would you classify the show with reference to rivalrous and excludability? (b) There are two online magic show enthusiasts, A and B in the market. Their demand functions are QA = 5 – 0.25PA and QB = 15 – 0.5PB respectively. Explain the method to obtain the market demand function for magic show which are freely available online. (c) Draw the marginal social benefit curve for online magic show. (d) If a magician produces magic show and broadcast online to both individuals at a constant marginal cost of $20, what is the market equilibrium quantity and price of online magic shows?
The figure above shows a national marketable permit system for carbon dioxide. If marginal abatement costs turn out to be high and the government does supply annual permits, what will be the price of a permit? Permit Price ($/ton) S D2 P2 = 600 P7 = 300 A P, = 150 1 %3D D Quantity of Permits 50 QT 75 Q2 100 (% of uncontrolled emissions) OA. P1 Ов. Р2 OC. PT OD. PO O E. Either P0 or P1. B
Both an emission tax and a tradable discharge permit scheme "have not yet been applied to situations in the real world guarantee that the desired level of pollution will be reached even when there is uncertainty regarding the aggregate MAC function С. guarantee that pollution reduction will be achieved cost-effectively Od. All of the above
At XYZ Company, a full-day study revealed the following noise sources: 0.5 h, 100 dBA; 1 h, less than 80 dBA; 3.5 h, 90 dBA; 3 h, 92 dBA. Calculate the rest clearance.

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