A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and remodeling buildings, to make the campus more aesthetically pleasing. and Thus, the visual appearance would For the students of the college, the visual appearance of the campus is be classified as a public good. Suppose the college administrators estimate that the beautification initiative will cost $4,420. To decide whether the initiative should be undertaken, administrators conduct a survey of the college's 260 students, asking each of them their willingness to pay for the beautification project. The average willingness to pay, as revealed by the survey, is $13. Because the estimated benefit is than the The benefit of the beautification initiative, as suggested by the survey, is $ cost, the college administrators undertake the beautification initiative. The calculation of the benefit of the beautification initiative relied on the ability of the administrators to capture the true willingness to pay of each student accurately. Which of the following scenarios would cause the survey used by the college administrators to yield misleading data on willingness to pay? Check all that apply. Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere. O Students believe they will eventually be charged their willingness to pay.

am. 135.

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No written by hand solution Version:0.9 StartHTML:0000000105 EndHTML:0000006359 StartFragment:0000000141 EndFragment:0000006319   The demand and the supply of timber for construction in Australia are given by   QD =100 – 20P   QS = 5P   We assume the market is perfectly competitive.   2.1. Compute the equilibrium price PCE and quantity QCE.    2.2. Plot on a graph: the demand curve, the supply curve, and the equilibrium price and quantity.    2.3: Calculate the price elasticity of demand and price elasticity of supply at the equilibrium price and quantity.    2.4. Calculate the producer surplus and consumer surplus in the equilibrium and illustrate them in a graph.    2.5. Suppose there are many construction companies collapsed (and left the market), use a demand and supply graph to explain how the collapse affects the equilibrium price and quantity.    2.6. Consider the setup in 2.1-2.4, and suppose there is a strike of loggers, which change the supply to QS = 4P. Calculate the new…

Describe in detail why a project with a Present Worth (PW) equal to or greater than zero is economically justifiable

For the production of part R-193, two operations are being considered. The capital investment associated with each operation is identical. Operation 1 produces 2,100 parts per hour. After each hour, the tooling must be adjusted by the machine operator. This adjustment takes 15 minutes. The machine operator for Operation 1 is paid $24 per hour (this includes fringe benefits). Operation 2 produces 2,350 parts per hour, but the tooling needs to be adjusted by the operator only once every two hours. This adjustment takes 45 minutes. The machine operator for Operation 2 is paid $13 per hour (this includes fringe benefits). Assume an 8-hour workday. Further assume that all parts produced can be sold for $0.35 each. a. Should Operation 1 or Operation 2 be recommended? b. What is the basic tradeoff in this problem?

Kipling Equipment Inc. must decide to produce either a face mask or a face shield to X alleviate the spread of a quickly evolving coronavirus. The face mask is disposable and developing it could potentially lead to a profit of $300,000 if competition is high or a profit of $470,000 if competition is low. The face shield, on the other hand, is reusable and has the potential of generating a fixed profit of $430,000 irrespective of high or low competition. The probability of high competition is 52% while that of low competition is 48%. Co Part A Construct a decision tree or a payoff table for the decision problem and use it to answer the following questions. a) What is the expected monetary value of the optimal decision? $ b) Based on expected monetary value, what should the Kipling do? $ Produce face shield c) What is the upper bound on the amount Kipling should pay for additional information? $ Part B

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A community public works project will cost $92,000 and will benefit five different individuals. Individual Individual Benefit ($) Individual Cost ($)  1  4,500 6,000  2 18,500 15,000  3 19,000 17,000  4 30,000 24,000  5 29,000 30,000   Does this project meet the Pareto efficiency improvement criterion? If possible, revise the cost shares to allow the project to meet the Pareto criterion and to pass a referendum. please use excel with formulas

Part 1: Breakeven Analysis for a Conference. The Greenville Center for Business Analytics is an outreach center that collaborates with industry partners on applied research and continuing education in business analytics. One of the programs offered by the center is a quarterly Business Intelligence Conference. Each conference features three speakers on the real-world use of analytics. Each corporate member of the center (there are currently 12) receives five free seats to each conference. Nonmembers wishing to attend must pay $80 per person. Each attendee receives breakfast, lunch, and free parking.The following are the costs incurred for putting on this event:Rental cost for the auditorium $150Registration processing $7.50 per personSpeaker costs 3@$1,200 = $3,600Continental breakfast $3.50 per personLunch $8.00 per personParking $10.00 per persona) Use MS Excel drawing tools to build an influence diagram that models the factors that influence total profit for the conference.b) Build…