Analysis the project status - bridge project, Microeconomics

The government has undertaken a highway bridge project that was originally projected to cost $2 million and provide benefits of $2.5 million.  Unfortunately, the costs have been much higher than anticipated.  The government has spent $1.2 million so far and now expects that it will cost an additional $2.2 million to finish the project.  Should the project be completed or abandoned?  Why?

 

Posted Date: 3/8/2013 1:36:17 AM | Location : United States







Related Discussions:- Analysis the project status - bridge project, Assignment Help, Ask Question on Analysis the project status - bridge project, Get Answer, Expert's Help, Analysis the project status - bridge project Discussions

Write discussion on Analysis the project status - bridge project
Your posts are moderated
Related Questions
If the quantity demanded of Pepsi Cola goes up, and its supply enhances what will occur in the market for Pepsi?

This research will follow the methodology of econometrics; Chao, 2005; Castle & Shephard, 2009): 1. Specification of the model using a specific stochastic equation, together wit

two countries workland and playland have similar population and identical production possibilities curves but diffrefences . the procuction possibilities combination are as follows

can you help me answer an economics question

When the demand function is 2Q - 24 + 3P = 0, find the marginal revenue when Q=3.

Q. What do you meant by Derivatives? Derivatives: A derivative is a financial asset whose resale value depends on the value of other financial assets at different points in tim

in the context of managerial economics how do you explain a rational producer.illustrate giving example.

Policies of Educational Financing - Earmarking Earmarking refers to setting aside and using the funds generated by a special cess/tax for the particular purpose for which it i

STATE AND EXPLAIN SLUTSKYS THEORM?

Yuen, a travelling salesman for snake oil, can produce the stuff at a marginal cost of 1. There are 100 potential customers in Vernon, each of whom has the following demand functio