A large sewer system will cost P180,000 annually. There will be favorable consequence to the general public of P520,000 annually, and adverse consequence to a small segment of the public of P60,000 annually. What is the excess of benefits over cost? Answer:
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- A large sewer system will cost P180,000 annually. There will be favorable consequence to the general public of P520,000 annually, and adverse consequence to a small segment of the public of P60,000 annually. What is the excess of benefits over cost?Three neighboring towns – Marshland, Dampland, and Wetland – all border the same lake. The lake frequently floods causing damage to property in all three towns. Each town would benefit from flood mitigation, but the level of benefits differs. With Z representing the level of mitigation: for Marshland, MB = 3 – Z for Dampland, MB = 4 – 2Z for Wetland, MB = 11- Z The marginal cost of flood mitigation is MC = 2 + 12Z Questions: ***Please Note*** Previous Expert Calculated: Z = 16/3 as the Solution to (a) Math Solver Calculates: Z = 1 ***Please Resolve*** (a) What is the socially optimal level of Z? (b) What would each individual town be willing to pay for this level of flood mitigation? (c) The representative from Wetland proposes that each town pay an equal share for the optimal level of flood mitigation. Would…Define cost-benefit analysis (Select measurement and measure old cost/benefitelements upon evaluating public expenditures)
- A state government hired a contractor for a road construction project. The contractor's type, its cost efficiency, is known to the government. There is a 2/5 probability o its construction cost being 4 (billion dollars per lane) and 3/5 probability of the cost being 6. More lanes yield more social benefit in-the form of faster travel and fewer accidents. The social value V (measured in billions of dollars ) from having N lanes on the highway is V=15N-2N^2/3. The government is interested in option N and writing a contract to maximize the benefit of the state (V) net of the fee paid to the contractor (call it F) ; G=V-F. Your goal as a government official is to design a pair of contracts to separate the types of contractor. You want the contractor to choose (Contract L: Build N, lanes and get paid RL dollars" if its cost type is low cost of $4 billion dollars per lane and to choose "Contract H : Build NH lanes and get paid RH dollars" if its cost type is high cost $6 billion dollars per…A state government hired a contractor for a road construction project. The contractor's type, its cost efficiency, is UNKNOWN to the government. There is a 2/5 probability o its construction cost being 4 (billion dollars per lane) and 3/5 probability of the cost being 6. More lanes yield more social benefit in-the form of faster travel and fewer accidents. The social value V (measured in billions of dollars ) from having N lanes on the highway is V=15N-2N^2/3. The government is interested in option N and writing a contract to maximize the benefit of the state (V) net of the fee paid to the contractor (call it F) ; G=V-F. Your goal as a government official is to design a pair of contracts to separate the types of contractor. You want the contractor to choose (Contract L: Build N, lanes and get paid RL dollars" if its cost type is low cost of $4 billion dollars per lane and to choose "Contract H : Build NH lanes and get paid RH dollars" if its cost type is high cost $6 billion dollars…A large sewer system will cost P180,000 annually. There will be favorable consequence to the general public of P520,000 annually, and adverse consequence to a small segment of the public of P60,000 annually. What is the benefit cost ratio?
- Respond to the question with a concise and accurate answer, along with a clear explanation and step-by-step solution, or risk receiving a downvote. Assume a reservoir’s water supply of 25,000 acre-feet of water can be used for municipal (m) and/or agricultural (a) purposes. The total benefits for each use are described as: TBa = 1000Wa – 0.025Wa2 So, the Marginal Benefit for agriculture is: MBa = 1000 – 0.05 Wa TBm = 1500Wm – 0.1Wm2 So, the Marginal Benefit for municipal purposes is: MBm = 1500 – 0.2 Qm Where Wa is acre feet of water used in agriculture and Wm is acre feet of water used for municipal purposes b. Suppose an additional 1,000 acre feet of water could be had by constructing a new reservoir. What is the new efficient allocation of water for each category of use?The marginal damage cost equation for carbon monoxide (CO) in urban areas is: MDCU = 36E; The marginal damage cost equation for CO in rural areas is: MDCR = 6E.The marginal abatement cost equation for CO is: MAC = 400 - 4E What are the socially efficient individual standards for carbon monoxide? What is the total abatement cost in each area under this scheme? What is the total compliance cost under this scheme?Answer asap please Suppose that a special interest group makes up 10% of the overall population. If a new proposal stands to generate $2 million in additional benefits to the group, the group will: Group of answer choices always support this proposal, since the costs are diffused over the entire population. never support this proposal if the costs are greater than $2 million. support this proposal only if the costs are less than $2 million. support this proposal only if the costs are less than $200,000.
- Suppose there is a public park. The annual cost of maintenance is $200,000. Visiting the park is free, and it is visited 210,000 times every year. However, to fund better maintenance of the park, the government wants to make visitors pay $4.70 per visit. Implementing a security system (to prevent visitors from sneaking into the park) will cost $0.50 per visit and $260,000 in annual fixed expenditures. At the same time, maintenance costs are expected to rise by 23%, not including security costs. The number of visits to the park is expected to fall by 34%Owning, operating, and maintaining an automobile carries with it private internal costs to the driver, as well as public external societal costs. List five internal and external costsShow all work. Draw graphs to explain your answers. The correct answers will include areas on the graph and dollar values. Suppose a chemical factory discharges waste products into a river resulting in significant damages to a local fishery. The marginal damage to the fishery (measured in terms of the value of lost fish stocks) is represented by the equation:MDC = 10E The chemical factory can reduce its effluent flows by treating its waste products. Its marginal abatement cost (MAC) function is given by the equation: MAC = 1,200 - 5E. What level of emissions will occur if the chemical factory is not regulated? What would the total abatement costs for the chemical factory be if emissions are controlled and reduced to zero? If no liability laws are in place, what damages will the chemical factory inflict on the fishery? (Hint: find TDC) If the government puts in place a liability law that requires the chemical factory to compensate the fishery for the damages it causes,…
