Which category of benefit estimation methods does the travel-cost method belong to? Revealed-preference State-preference Net present value analysis Benefit cost ratio analysis
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Which category of benefit estimation methods does the travel-cost method belong to?
Revealed-preference
State-preference
Benefit cost ratio analysis
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- Describe three commonly used methods forperforming economic cost-benefit analysisAll of these are correct regarding types of economic evaluation EXCEPT: a. In Cost Benefit Analysis, the cost of the intervention is compared with the benefit incurred from the intervention b. In Cost minimization analysis, the intervention can only be conducted when the outcomes of the comparing interventions are same c. The outcomes of Cost Effectiveness Analysis are measured in monetary terms d. Cost Utility Analysis is specially used when there are multiple objectives of the program and when both quality of life and quantity of life are important to knowPrior to making a decision about the study's focus, why should the literature be considered?
- Various techniques have been proposed to curb cross-border drug smuggling into a country. The costs of implementing each strategy along a particularly rugged section of the border are indicated below. The table also includes a score that is compiled based on deterrence, interdiction, and apprehension, with a higher score indicating better performance. Determine the technique with the highest and the lowest cost-effectiveness ratio. For a budget of $53 million, determine the total cost of the most cost-effective techniques. Activity Cost, $ Score Tethered Aerostats 4.5 8 Boots-on-the-Ground 42.1 52 Fence 14.2 12 Motion Sensors 8 7 Seismic Sensors 5.6 5 Drones 12.8 26"Time fixed effects control for unobserved variables that are the same acrossentities but vary over time". Is this statement true?Various techniques have been proposed to curb cross-border drug smuggling into a country. The costs of implementing each strategy along a particularlyrugged section of the border are indicated below. The table also includes a score that is compiled based on deterrence, interdiction, and apprehension, witha higher score indicating better performance. For a budget of $51 million,determine the total cost of the most cost-effective techniques. Cost, $ Activity Tethered Aerostats Boots-on-the-Ground Fence Motion Sensors Score 4.3 8 40.1 52 13.7 12 7.8 7 Seismic Sensors 5.4 Drones 12.4 26
- Cost-effectiveness analysis (CEA) differs from cost-benefit (B/C) analysis in that: Select one: a. CEA is more time-consuming and resource-intensive b. CEA cannot handle independent alternatives c. CEA expresses outcomes in natural units rather than in currency units d. CEA cannot handle multiple alternatives37This is the penultimate step of the new product development process when feedback from consumers is solicited. An example of this would be a consumer playing a video game before it is released to the public and providing feedback to the game developer. Group of answer choices Idea Screening Development Testing Analysis Commercialization Idea Generationprovide full solution and explaination
- When choosing a distribution strategy, which of the following statements are true? There can be many factors that influence the choice of a distribution strategy. A manufacturer should avoid intermediaries and always try to sell directly to the end customer. A national distribution strategy can be easily applied to global markets. For a retailer, it is always more economical to buy the goods directly from a manufacturer instead of hiring a wholesaler. When choosing a distribution trategy, the long-term factors are often much more important than the short-term ones.Of two optional actions, the sum of the numbers that measure the costs and the benefits that would result from your choosing either option is referred to as the __________ good. Group of answer choices sum total quantitative aggregate cost–benefitIf discount rate is 0.1, then the discount factor is?