A1 Your Number:2 Your Name:34567 Source 18 Source 29 Source 3B6320006410 Demand1112Construct a transportation tableau for the following transportationproblem and find an initial solution by North-West Corner method andalso calculate the cost of your solution.DDestination 1 Destination 2 Destination 3 Supply516141217118101014780E87908407208202380F4G Please answer the question on the attached Excel file.In order to create the question with the data for yourown student number, write your student number incell B1. Upload the excel file and your answers in a

The North-West Corner Method is a simple heuristic used to find an initial feasible solution for…

Construct a transportation tableau for the following transportation problem and find an initial solution by North-West Corner method and also calculate the cost of your solution. Source 1 3 Source 2 9 Source 3 0 Demand Destination 1 Destination 2 Destination 3 Supply 5 16 14 12 17 11 8 810 790 10 14 780 840 720 820 2380 4

Construct a transportation tableau for the following transportation problem and find an initial solution by North-West Corner method and also calculate the cost of your solution. Source 1 3 Source 2 9 Source 3 0 Demand Destination 1 Destination 2 Destination 3 Supply 5 16 14 12 17 11 8 810 790 10 14 780 840 720 820 2380 4

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A city currently emits 16 million gallons (MG) of raw sewage into a lake that is beside the city. The table below shows the total costs (TC) in thousands of dollars of cleaning up the sewage to different levels, together with the total benefits (TB) of doing so. Benefits include environmental, recreational, health, and industrial benefits. Emissions Total Cost Marginal Cost Total Benefit Marginal Benefit 16 MG Current N/A Current N/A 12 MG 50 800 8 MG 150 1300 4 MG 500 1650 0 MG 1200 1950 Complete the table. What is the optimal level of sewage for this city? How can you tell?
Suppose the LNG Inc. company wants to build three pipelines that would carry fuels under your city. The pipelines pose risks of groundwater contamination and explosion. For each pipeline the table below shows the marginal benefit to LNG Inc. and the marginal cost of expected damages to residents (in millions of dollars). Pipelines Total Profits for LNG Inc. Total Damage to Residents Marginal Benefit (added profits) Marginal Cost (added damages) 0 0 0 0 0 1 120 55 120 55 2 200 130 80 75 3 270 255 70 125 Suppose that LNG Inc. is entitled under the injunctive remedy. The range of offers (in millions of dollars) that the residents mights make and LNG Inc. might accept to eliminate the third pipeline is between (minimally) ______ and (maximally) _________. Please fill the blanks.
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1. Suppose that a polluting activity has marginal damage and marginal abatement costs given by MD=2E and MAC = 210 - 3E, respectively. Suppose that the polluter(s) are held liable for damages. (a) What level of emissions will be chosen by polluters. (b) Compute the amount of damages (compensation) that will be paid by polluters and the total of all costs paid by polluters. (c) Compute the social gains from instituting legal liability, relative to the no-abatement outcome.
24. Which of the following statements is FALSE? (A) The Pfizer, Moderna, AstraZeneca and J&J vaccines do not reduce the spread of COVID-19. (B) COVID-19 primarily causes deaths and hospitalizations among the elderly and those with pre-existing conditions such as obesity. (C) Klaus Schwab started the World Economic Forum. (D) It is impossible to get COVID-19 from an asymptomatic carrier. 25. Why do lockdowns comprise a bad method to deal with COVID-19? (A) They cause harms from other health issues, such as suicides, drug overdoses, and missed cancer screenings. (B) Lockdowns operationalize the beta male within each individual, hence channeling a simp from within the chasms of the soy boy realm. (C) Lockdowns lead to starvation in developing countries, hence causing more deaths than COVID itself. (D) Both A and C. The next three questions involve the following situation. Consider a closed economy in which C = $345 billion, G = $350 billion, Y = $1 trillion, and T = $100 billion. 26. What…
6. The following table reflects the cost structure (in millions) of AUS for hosting international conferences. Use the table to answer the questions below: Number of conferences 0 1 2 3 4 5 6 Total cost 0 3 6 9 13 18 26 (a) Using the information, calculate the marginal cost for the 5th conference. (b) Assuming that the marginal benefit is constant at AED 7 million, how many conferences should AUS host? (c) Assuming that the marginal benefit is constant at AED 3.5 million, how many conferences should AUS host?
D. Pollution problem You know the marginal cost of reducing pollution for four factories. Each unit of pollution can be eliminated according to the following marginal costs. A B C D First Unit $65 $15 $30 $10 Second Unit $75 $55 $65 $30 Third Unit $85 $85 $110 $40 Fourth Unit $120 $155 $120 $60 1. The total cost of Firm D eliminating 4 units of pollution 2. Determine the total cost of each firm eliminating one unit of production. 3. The community has decided that the managers of the firms are allowed to produce a total of 4 units of production. Identify the firm(s) that will pollute.
500 450 The graph on the right may help in answering question 25 400 350 300 250 200 150 100 50 O 10 20 30 40 50 60 70 80 90 100 110 120 130 140 150 Quantity Demand MC Exter nality MC private MC Social A competitive tire manufacturing industry spews emissions into the air at47 per tire a marginal cost of 1.5-q, where q is the quantity of tires produced per month (in thousands). The industry marginal cost, excluding the cost of emissions (private marginal cost), is 4 + 4•q, expressed in $ per tire. The inverse demand curve for tires is p = 480 - 3-q, also expressed in $ per tire. In order to achieve the socially efficient level of tire production, which takes into account the optimal level of air pollution, the government levies a tax on the industry. What is the efficient pollution tax? $84 per tire $101 per tire $152 per tire Price
1) Since Mr. Leon polluted a lake the government has to clean up his mess. The following are the total benefits and costs associated with cleaning up his mess. % Cleaned Total Benefits Total Costs 20 50,000 500 40 90,000 1500 60 100,000 3,000 80 107,000 10,000 100 110,000 20,000 A)What amount should the government clean up? To answer this you must first calculate the marginal benefits and marginal costs associated with the clean up of the lake.
Is the demand for public transit more responsive to price changes or service quality changes? Discuss the implication to transportation policies.
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1. Transportation costs per ton of product vary with distance. For trucks: TC₁ = 2 +1.5d For rail: TC, = 4+d For barge: TC₁ = 6+.75d where d is the distance in miles and TC is dollars per ton. Make a table that includes the costs for each method from d= 1, 2 ...5, and what is the most efficient mode of transportation at each distance.