Homework H.W. An American city received four designs for a new hospital wing to confront the Corona epidemic. The costs and benefits are the same in most categories, but the city's finance director decided that the following estimates should be considered to determine which design should be recommended at next week's city council meeting. Patient expense is an estimate of the amount paid by the insurance company, not the patient, occupying a hospital room with features included in the design of each room. The discount rate is 5% annually, and the lifespan of the addition is 30 years. As a consulting engineer in that city which designs do you choose by B/C 6 Design 1 Design 2 Construction cost, $ 10,000,000 15,000,000 Building maintenance cost, $/year Patient benefits, $/year 35,000 55,000 800,000 1,050,000

Homework H.W. An American city received four designs for a new hospital wing to confront the Corona epidemic. The costs and benefits are the same in most categories, but the city's finance director decided that the following estimates should be considered to determine which design should be recommended at next week's city council meeting. Patient expense is an estimate of the amount paid by the insurance company, not the patient, occupying a hospital room with features included in the design of each room. The discount rate is 5% annually, and the lifespan of the addition is 30 years. As a consulting engineer in that city which designs do you choose by B/C 6 Design 1 Design 2 Construction cost, $ 10,000,000 15,000,000 Building maintenance cost, $/year Patient benefits, $/year 35,000 55,000 800,000 1,050,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

A project has costs of $10 million per year for 10 years. The benefits of $30 million per year occur in years 7, 8, 9, and 10. At a 5% discount rate, is this project socially desirable? (Assume that costs and benefits accrue on the last day of each year). A. B. C. D. The project is socially desirable; net benefits are $2.2 million. The project is socially undesirable; net benefits are -$20 million. The project is socially undesirable; net benefits are -$0.7 million. The project is socially desirable; net benefits are $20 million
A group of 100 residents in a small community have decided to pay for a local police force. Each resident has the same marginal valuation schedule for intensity of police protection per day which is defined in terms of the number of police officers on duty Q as MV (Q) = 30 - 4Q. The protection is a public good and it costs $200 per police officer per day. (a) What number of police officers is efficient? (b) Explain why this level of protection might not be provided in a competitive market.
The following data are for a series of increasingly extensive flood-control projects. Total Cost Per Year Total Benefit Per Year Plan A = Levees $ 10,000 $ 16,000 Plan B = Small Reservoir 24,000 36,000 Plan C = Medium Reservoir 44,000 52,000 Plan D = Large Reservoir 72,000 64,000 For Plan A marginal costs and marginal benefits are Multiple Choice $10,000 and $16,000, respectively. $20,000 and $32,000, respectively. $16,000 and $26,000, respectively. $20,000 and $16,000, respectively.
Part II. Picture Analysis! Instructions: Analyze the picture below and answer the questions that follows. WATER Retrieved from The concept of vulnerability. Building Resilient Communities, (p23). Quezon City: Phoenix Publishing House, Inc. Processing Question: 1. What does the picture portray? BICOL 2. What possible hazard/s is shown in the picture? Not for sale 3. What could be the impact of the hazard/s shown in the picture? 4. In your opinion, how could you contribute to lessen or mitigate the hazard/s shown in the picture?
Identify whether or not the physical therapy market contributes to market failures (market power, externalities, public goods, information issues) or failure of markets (morality, equity, consumer sovereignty). Is the government directly involved in addressing any of these issues? Also, identify what future changes you anticipate being on the horizon related to the physical therapy industry (state at least two). Identify how these changes will potentially impact this product's consumers and supplier
Recently, the following two projects have been proposed for South Australia: The construction of a hydrogen power plant The construction of a sporting/entertainment complex Assignment Your task is to take ONE of the policies listed above and answer the below set of questions. When answering the questions below, the focus should be on the policies themselves rather than any political debates or discourse. If you were employed by government as an economic consultant to the project, discuss how you would approach the issue of measuring benefits and costs including any problems that you might encounter in such an exercise. Hint: try and be specific here and think about measurement of specific aspects of the project rather than broadly discuss CBA.
A county transportation agency has asked you to suggest the allocation of bridge preservation budget of 50 million between Interstate and non-Interstate highway bridges. Political considerations require that urban populations receive at least $25 million in benefits and rural areas at least $10 million. As a rule of thumb, a $1 million investment yields total user benefits of $1.25 million for $1 million spent on Interstate highway bridges. $1 million for $1 million spent on non-Interstate highway bridges. The research also indicates that the distribution of benefits for each highway is.as shown in the attached table a) Formulate a linear programming (LP) problem to maximize total user benefits subject to the agency’s constraints
Fun with cost-sharing. An important distinction in health insurance is between the list price (PL) and out-of-pocket price (PP) of a medical good or service. The list price is the official price that the provider charges the insurance company, while the out-of-pocket price is the price that the insurance customer faces. Sometimes, the out-of-pocket price depends on the list price. (a) Draw a set of axes with list price PL on the y-axis and quantity Q on the x-axis (you will want to make your graph nice and big, because we will be adding several demand curves). Suppose a consumer's demand for a particular medical procedure is as follows: Q = 100 - PP. Draw her demand curve in PL - Q space under the assumption of no insurance and label it D1. You will have to think about the relationship between PL and PP to draw it correctly. Now assume the same consumer is fully insured. Think about how this affects the relationship between PL and PP and draw a full-insurance demand curve in…
Question: What are the arguments against allowing the sale of human kidneys? Also, make sure to briefly evaluate each argument. There is no page limit or requirement but you need to address all the relevant points. You need to keep your answer focused on the question, do not ramble, get to the point. Do not use direct quotes. Use your own words to answer the question. Plagiarism detection is used.
Please no written by hand and no emage
The climate policy toolkit has, to-date, mostly focused on demand side policies (i.e. policies that affect the pollution demand curve), some of which are ‘command-and control’ and others are market based (e.g. cap-and-trade schemes, carbon taxes). (a) Using a diagram or diagrams, explain how a cap-and-trade scheme could result in pollution reduction. (b) What is the Emissions Reduction Fund and what are its pros and cons? 1(c) Of the following four policy options, which one do you favour as a demandside policy and why? i. command-and-control in terms of a demand side climatechange ii. carbon tax iii. Emissions Reduction Fund iv. cap-and-trade scheme
The EPA determined the presence of a public health and ecological damage externality cost in dollars of MEC=0.020 associated with Q units of nitrogen oxides output of a chemical process per month.There was no evidence of external benefit. The marginal social benefit was estimated as MSB=50-0.4Q and the marginal social cost as MSC=2+ 0.4Q mpenveo What is the socially conscious solution?