Which of the following might be used to estimate the monetary benefits of a new by-pass round a village? (a) The costs of its construction. (b) The difference in house prices in villages with a by-pass and villages with a main road running through them. (c) The amount that people are prepared to pay for a quicker mode of transport. (d) The loss in profits to local traders. (e) The savings on future road maintenance in the village. (b), (c) and (e). O (a), (d) and (e). O (c) and (d). O (b) and (c). (a) and (b).

Which of the following might be used to estimate the monetary benefits of a new by-pass round a village? (a) The costs of its construction. (b) The difference in house prices in villages with a by-pass and villages with a main road running through them. (c) The amount that people are prepared to pay for a quicker mode of transport. (d) The loss in profits to local traders. (e) The savings on future road maintenance in the village. (b), (c) and (e). O (a), (d) and (e). O (c) and (d). O (b) and (c). (a) and (b).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: Stakeholders are: a) customers and competitors who interact with the business. b) groups or…

A: A business entity has stakeholders to whom it has a responsibility.

Q: Should benefit and cost estimates be adjusted for the greater influences and impacts of inflation,…

A: The Central Artery/Tunnel Project was the largest and most difficult transportation project in…

Q: If you rent a car, you can (1) return it with a full gas tank, (2) return it without filling it and…

A: Rational expectation theory postulates that people will make decisions based on their experiences in…

Q: Causes of lack of female pilots

A: As of 2020, just 7% of commercial pilots were women, according to the Center's data.

Q: A company manufactures and sells x television sets per month. The monthly cost and price-demand…

Q: How would you assess the economic benefits vs the social and environmental costs?

A: This question is asking about how to conduct a cost-benefit analysis of a potential coal-fired power…

Q: Introduction or purpose of the paper: opening acquaints the reader with the problem and states the…

A: Title: Government Business Risk Management Programs for Farmers: An Analysis of Effectiveness and…

Q: Which of the following statements is true? (a) If a firm is experiencing decreasing returns, it…

A: Production Possibility curve refers to graphical representation that shows all the combination of 2…

Q: How does the fertilizer and pesticides pollute the environment in Bangladesh during the year of…

A: Title: Environmental Pollution from Fertilizers and Pesticides in Bangladesh: An Overview…

Q: Calculate the economic impact of a selected sport event. Include (a) the net economic change…

A: "Note: The question has been answered in a generalized manner." Economic change refers to the…

Q: 19) Aggregate surplus A) is the sum of total willingness to pay and total avoidable costs of…

A: The total surplus in a market refers to the sum of the producer and consumer surpluses. Changes in…

Q: (9) The short run is a time period in which: (a) all resources are fixed. (b) the level of output is…

A: As you have not mentioned the exact question as per our policy I am answering first three questions.

Q: Please see attached.

Q: What is the main problem with using groundwater to increase water supplies? Group of answer…

A: In an economy, water is the necessity for all the people due to which there is a continuous need of…

Q: Cheating large firms results in no cost for consumers or society. (a) this is true because a large…

A: The firms produce goods and charge them based on the marginal cost marginal revenue principle. The…

Q: Which of the following best defines full insurance? (a) Number of dollars of accident insurance…

A: Insurance is the claim that an individual receives in case of any unfortunate loss to the assets.…

Q: A project has costs of $10 million per year for 10 years. The benefits of $30 million per year occur…

A: Calculate the net present value (NPV) of the project. The NPV is the sum of the present values of…

Q: Benefits received in the future are adjusted to their present value (discounted) because: a. they…

A: Trade off happens due to limited resources and unlimited wants.

Question

Which of the following might be used to estimate the monetary benefits of a new by-pass round a village?
(a)
The costs of its construction.
(b)
The difference in house prices in villages with a by-pass and villages with a main road running through them.
(c)
The amount that people are prepared to pay for a quicker mode of transport.
(d)
The loss in profits to local traders.
(e)
The savings on future road maintenance in the village.
(b), (c) and (e).
O (a), (d) and (e).
O (c) and (d).
O (b) and (c).
O (a) and (b).

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

What are the essential elements of a cost recovery model? How should parks be designed to meet increasing populations? And how can government rethink delivery of parks? THANK YOU IN ADVANCE.
The Travel Industry Council of Hong Kong (TIC) was established in 1978 to protect the interests of travel agents. Even though it is not a government authority to issue licenses for the travel agents in Hong Kong, it works closely with the Travel Agents Registry and has an impact on the travel agent’s license application. (a) Explain the reasons why TIC has an impact on the travel agent’s license application.(b) With the voice from the stakeholders, a new authority has been established. State the name of the authority and explain its major function.
Every city and county in California is required to have a long-term general plan that establishes (A) O arbitrary limitations that discourage development. (B) O goals that encourage development. (C) O limitations on population growth and building. (D) O protection for old buildings that should be torn down.
Identify one environmental factor or risk that affects the decision-making opportunities within your organization. Provide a brief description of the concerns and potential solutions for addressing the concerns or risks. Are there financial requirements that must be considered when processing decisions within a company?
Assignment Description and Instructions:Calculate the economic impact of a selected sport event.a) Evaluate the net economic change brought about by the selected sport event.b) Include explanations of difference between induced and indirect economic impact.c) Discuss issues involved in measuring economic impact studies.