TABLE 14-11 Data for Problem 14-11 Sites Considerations Site 1 Site 2 Monetary Land $600,000 $950,000 Construction Road construction $2,300,000 $2,200,000 $1,500,000 $750,000 for access Nonmonetary Distance from 5 miles 2 miles population center Maintenance Medium High Homes displaced Environmental impact Medium Accessibility of 3 5 Low Moderate Moderate property
TABLE 14-11 Data for Problem 14-11 Sites Considerations Site 1 Site 2 Monetary Land $600,000 $950,000 Construction Road construction $2,300,000 $2,200,000 $1,500,000 $750,000 for access Nonmonetary Distance from 5 miles 2 miles population center Maintenance Medium High Homes displaced Environmental impact Medium Accessibility of 3 5 Low Moderate Moderate property
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter12: Environmental Protection And Negative Externalities
Section: Chapter Questions
Problem 5SCQ: Consider two approaches to reducing emissions of CO2 into the environment from manufacturing...
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The town of Whoopup has decided that it needs a new public library. Although the city leaders have made this decision, the decision of location of the library is still an open question. Knowing that you have a back ground in economic decision making, they selected you to formulate their decision problem. You gather data from the city leaders to determine the important attributes to consider in the decision; you then acquire information for both sites and present it in teh shown Table . Use the tools introduced in this chapter to make a site recommendation. Prepare to defend your analysis.
![TABLE 14-11 Data for Problem 14-11
Sites
Considerations
Site 1
Site 2
Monetary
Land
$600,000
$950,000
Construction
Road construction
$2,300,000 $2,200,000
$1,500,000
$750,000
for access
Nonmonetary
Distance from
5 miles
2 miles
population center
Maintenance
Medium
High
Homes displaced
Environmental impact Medium
Accessibility of
3
5
Low
Moderate Moderate
property](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F23f5a221-6b95-4f12-8bc4-952c79d64588%2F7ca887d7-9802-4424-a965-bc67208bc0ae%2F4c0f7mp_processed.png&w=3840&q=75)
Transcribed Image Text:TABLE 14-11 Data for Problem 14-11
Sites
Considerations
Site 1
Site 2
Monetary
Land
$600,000
$950,000
Construction
Road construction
$2,300,000 $2,200,000
$1,500,000
$750,000
for access
Nonmonetary
Distance from
5 miles
2 miles
population center
Maintenance
Medium
High
Homes displaced
Environmental impact Medium
Accessibility of
3
5
Low
Moderate Moderate
property
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