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- Define the term project risk?QUESTION 8 Suppose the Queensland Government is considering limiting the number of visitors to the Great BarrierReef. In CBA, the total value of the Great Barrier Reef is estimated to be 200 million dollars while the use- value isestimated to be 80 million dollars. This implies the non - use value of it must be_______million dollars, after limiting thenumber of visitors, its use -value will______(increase, decrease or remain unchanged). Provide your answer to thenearest million and do not include the S sign in your answer.Discuss 5 barriers to effective project planning in Zimbabwe
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- If federal money is a significant share of a highway’s initial cost, how might this distort the decision making of a state agency responsible for rehabilitation costs?A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and remodeling buildings, to make the campus more aesthetically pleasing. For the students of the college, the visual appearance of the campus isnonrival andnonexcludable . Thus, the visual appearance would be classified as a public good. Suppose the college administrators estimate that the beautification initiative will cost $61,110. To decide whether the initiative should be undertaken, administrators conduct a survey of the college's 2,240 students, asking each of them their willingness to pay for the beautification project. The average willingness to pay, as revealed by the survey, is $20. The benefit of the beautification initiative, as suggested by the survey, is . Because the estimated benefit is than the cost, the college administrators undertake the beautification initiative. The calculation of the benefit of…C = 100 + 0.75Y I = 25 Find Y* using the following approaches: i.Y=AE ii.Injection = Leakage Find the new equilibrium level of Y if I increased by 25