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Show work done in steps. Use benefit-cost ratio
1) The Townsville City Council is considering a proposal by the mayor to construct a recreational facility at a cost of $1.0 million. The facility is expected to have a useful life of 30 years during which operating costs are expected to average $100,000 per year. It is anticipated that one-time renovations costing $500,000 will be carried out after 18 years. Overall benefits to the community are expected to average $220,000 per year. The facility will have no salvage value. Assuming an interest rate of 5% per year, determine the benefit-cost ratio for the proposed facility. Should the Council approve the proposal?
The Occupational Safety and Health Administration (OSHA) has determined that the probability of a worker dying from exposure to a hazardous chemical used in the production of fertilizer is 0.008. The cost of imposing a regulation that would ban the c..
With an increase in income a consumer will reach a higher indifference curve. But can an increase in income also change his preferences? Discuss. Generally it is assumed that more is preferred to less. If this is the case, how could a consumer reach ..
Calculate the expected utility of each project according to this criterion. (c) Is this individual risk adverse, risk neutral, or risk seeking?
Suppose the T-account for ABC bank is as follows: assets: reserves($150000), loans(250,000)and deposits $400,000.if the fed requires banks to hold a 10 percent of deposits as reserves explain how much in excess reserves does ABC holds.
The sales director for an industrial supplies firm has collected information describing the performance also personal characteristics of 80 members of her sales force.
Suppose that OPEC raises oil prices by 50 % in 1998. What effect will this have on the US aggregate demand curve? On the US short run aggregate supply Curve?
In economics, the term "shutdown point" refers to the point where the
When a leading developing country defaults on its loan to foreigners, discuss (with the aid of loan able funds market diagram) why interest rates will rise on bonds issued by many other developing countries. Critically evaluate the use of GDP as a us..
Elucidate what is michelle's opportunity price of producing 200 potatoes in a year. what is michelle's cost of producing 50 chickens in a year.
What are the benefits and challenges when implementing Industrial policy? How does comparative advantage relate the implementation of industrial policy?
Assume you invest your money is a portfolio of stocks known as the S&P 500 (i.e. a portfolio of 500 stocks). Based on historical performance, in which investment horizon would you earn the largest annualized gain (i.e. percentage gain per year or ye..
Please describe one item in your life for each of the given categories and then explain why: elastic demand. unit elastic demand. inelastic demand.
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