EBK ENGINEERING ECONOMY
EBK ENGINEERING ECONOMY
16th Edition
ISBN: 9780133819014
Author: Koelling
Publisher: YUZU
Question
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Chapter 11, Problem 28SE

(a):

To determine

Sensitivity of light.

(b):

To determine

Sensitivity of bulb.

(c):

To determine

Sensitivity with years.

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Last year, 18,00018,000 people died from a newly discovered disease. Pollution is one of the contributing factors. However, even if the level of pollution is reduced, it is estimated that about 5,5005,500 people will die annually from the disease. The estimated cost of a pollution-reduction project is $33.75$⁢33.75 billion; before investing, the government wants to verify the project's value.Calculate the average cost of a life saved. Enter your answer in U.S. dollars in the box below and round to the nearest whole number if necessary.
A diesel refinery is upstream of an industrial farm. The runoff from the refinery pollutes the river and damages the crops. The farm earns $499 using the polluted water, but would earn $628 if it were clean. The refinery earns $1772 but would only earn $1607 if it had to divert resources to prevent the runoff. There are no environmental laws. Assume that a scrubbing machine that would prevent the runoff costs $24 plus an installation cost. What is the most that installation could cost for clean water to be the socially optimal outcome achieved through private bargaining? O a. $141.00 O b. $36.00 O c. Anything, the machine is not required as clean water will already be achieved. O d. $105.00 O e. $165
PLEASE PLEASE HELP ME THANKSS
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