ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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In order to increase economic activity, a city proposes to allow diesel-powered delivery vehicles to operate in residential neighborhoods. Diesel exhaust contains soot which is a major cause of asthma and other respiratory ailments leading to a decrease in the quality of life in these communties. A neighborhood group opposed to this proposal hires you to conduct a valuation study to show the decrease in the quality of life. a) What specific valuation method should you use? b) How would you use that method? c) What are some problems that might result from your use of that method?

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