What are the total benefits from project

Assignment Help Business Management
Reference no: EM131348772

Suppose we have the following three projects up for vote: A Highway, a Homeless Shelter, and a Port. There are three representatives who will individually vote on the projects. The net social benefits to the constituents of each representative are given in the table below. Note these benefits may be negative, meaning that the policy actually does harm to the constituents of the representative.


100

-75

-130

-40

150

-25

-100

-80

350

a. What are the total benefits from each project?

b. If a vote were held for each project, what would be the result for each project? Is this socially optimal?

c. If these representatives were to logroll (trade votes) to get their preferred policy to pass, what would be the result?

d. What's the change in well-being due to the logrolling?

e. What is the connection between this problem and the issue of "special interests" in politics? Write a short paragraph commenting on this connection.

Reference no: EM131348772

Questions Cloud

What are your thoughts on globalization thus far : After watching this video and reading the article, what are your thoughts on globalization thus far, both in terms of finance and trade? Discuss the pros and cons as you see them.
What are major stakeholder management and ethics challenges : What are the major stakeholder management and ethics challenges companies face as they grow from local to global? Which stakeholder management model provides the best opportunity to address these challenges?
What is the equivalent annual cost of one these machines : LUM, Inc. uses high-tech equipment to produce specialized aluminum products for its customers. Each one of these machines costs $1,520,000 to purchase plus an additional $48,000 a year to operate. The machines have a five-year life after which they a..
The initial fixed asset investment in the project : Which one of the following costs was incurred in the past and cannot be recouped? A project will produce an operating cash flow of $31,200 a year for 7 years. The initial fixed asset investment in the project will be $204,900. What is the net present..
What are the total benefits from project : a. What are the total benefits from each project? b. If a vote were held for each project, what would be the result for each project? Is this socially optimal? c. If these representatives were to logroll (trade votes) to get their preferred policy to..
Explain how regulatory agencies and legal systems : Suppose you decide (like Steve Jobs and Mark Zuckerberg did) to start a company. Your product is a software platform that integrates a wide range of media devices, including laptop computers, desktop computers, digital video recorders, and cell phone..
Common stocks while marvin invested in corporate bonds : Your nephews Ricky and Marvin FiftyCent differ in investment philosophies—Marvin is conservative and Ricky holds a moderate investing outlook. Their father left each of them $100,000 when he died ten years ago, and Ricky invested in common stocks whi..
What is the total intrinsic value of these options : You own six call option contracts on Swift Water Tours stock with a strike price of $17.50 per share and an option premium of $.35 per share. What is the total intrinsic value of these options today if the stock is currently selling for $16.79 a shar..
Optimal level of capital for the firm : a. What is the optimal level of capital for the firm? b. Suppose the corporate tax rate on accounting profits is 40%. The firm can include depreciation at the rate δ per year in its accounting costs, but not its financing costs. What is the optima..

Reviews

Write a Review

Business Management Questions & Answers

  Distance learning start ups for business

Assume you have a meeting with the CEO and other high ranking administrator of a firm that invests in distance learning start ups. Your target is to achieve a loan for a distance learning firm that you would like to start.

  Mismanagement inside a management

How to stop bribe and mismanagement inside a management? How to have a great management for a new company? Where to begin and how follow to the end?

  Effect of the employment at will principle

Discuss the effect of the employment at will principle on the approach of what considerations managers and workers should be aware of while in progressive discipline and positive discipline process?

  Monopolistic competitive industry inefficient

Compared to the firms in the perfectly competitive industry, why are firms in a monopolistic competitive industry inefficient?

  Would you control access to the system

Why would an organization want to create an implementation plan for the integration of a MIS? Is this something that needs to be well thought out and, if so, why?

  Calculate the utility maximixing bundle

Imagine your utility function is U = X^1/2Y^1/2. The price of X is $20 per unit and the price of Y is $30 per unit, and you have a budget of $1200. a) Calculate the utility maximixing bundle (a) of X and Y.

  What are the critical factors

What are the critical factors (Critical Success Factor) of a business process development?

  Part of a team that researched a number of asian counties

Previously, you were part of a team that researched a number of Asian counties and selected a number that you believed were receptive to trade and investment. You are working with a new client, Spring Clean Products, Inc., whose marketing depar..

  Cultural change and project sponsorship

Examine the primary reasons why project management causes a cultural change and the impact of that change on integrative information technology. Support your response with at least one (1) example of a cultural change that project management can c..

  Choose three specific concepts from the philosophy of tqm

Choose three specific concepts from the philosophy of TQM and present three situations in which organizations can identify quality problems

  Explain how tinsel town can make revenue recognition

Explain how Tinsel town can make revenue recognition decisions that enable it to manage earnings over the three-year duration of the contract.

  Explain what you will do during the implementation event

1.Explain what you will do during the implementation event to tilt the balance away from the presentation toward participation. 2.Include a synopsis of how people might react to the idea that change is imminent and that they will be involved in the c..

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