Task of determining the route of a new highway

Assignment Help Business Economics
Reference no: EM131807983

Suppose you are assigned the task of determining the route of a new highway through an older section of town. The highway will require that many older homes be either relocated or torn down. Two possible criteria that might be used in deciding exactly where to locate the highway are:

(a) Ensure that there are benefits to those who gain from the decision and that no one is harmed by the decision.

(b) Ensure that the benefits to those who gain from the decision are greater than the losses of those who are harmed by the decision. Which criterion will you select to use in determining the route of the highway? Explain.

Reference no: EM131807983

Questions Cloud

Find values of current for circuit using offset diode model : Find the values of I and V0 for the Circuit of Fig 1, using Offset Diode Model. Verify result
Maintain a contribution format segmented income statement : What would have been the company's absorption costing net operating income (loss) if it had produced and sold 37,000 units?
Discuss the acquisition bmis book value : JDE stock had a market value of $14.90 per share and there was no control premium
What number of units should the firm sell : Fixed costs = $ 36,000; and Tax rate = 40%. What number of units should the firm sell to achieve an after tax target income of $ 6,000
Task of determining the route of a new highway : Suppose you are assigned the task of determining the route of a new highway through an older section of town. The highway will require that many older
Explain the process that you would use to design database : Explain the process that you would use to design the database. Be sure to weave the concepts of relational database structures into your discussion.
What intangible consequences may dominate the decision : Compare the economics with reasonable assumptions for meal expenses. What intangible consequences may dominate the decision?
Discuss the financial statements are published : Explain whether Bird Ltd should recognize a liability for legal damages in its financial statements
What you would expect to happen to the market price : As a result of this dividend action, state what you would expect to happen to the market price of the common stock of Blanker, Inc., on given dates

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd