Questions from Cost Accounting

Q: Three mutually exclusive projects are being considered for a remote river valley

Three mutually exclusive projects are being considered for a remote river valley: Project R, a recreational facility, has estimated benefits of $20 million and costs of $16 million; project F, a fores...

Q: An analyst for the U.S. Navy was asked to

An analyst for the U.S. Navy was asked to evaluate alternatives for forward-basing a destroyer flotilla. He decided to do the evaluation as a CBA. The major categories of costs were related to obtaini...

Q: Because of a recent wave of jewellery store robberies, a city

Because of a recent wave of jewellery store robberies, a city increases police surveillance of jewellery stores. The increased surveillance costs the city an extra $500,000 per year, but as a result,...

Q: (Spreadsheet recommended.) Excessive and improper use of antibiotics is contributing

(Spreadsheet recommended.) Excessive and improper use of antibiotics is contributing to the resistance of many diseases to existing antibiotics. Consider a regulatory program in the United States that...

Q: Many experts claim that, although VHS came to dominate the video

Many experts claim that, although VHS came to dominate the video recorder market, Betamax was a superior technology. Assume that these experts are correct, so that, all other things equal, a world in...

Q: Let’s explore the concept of willingness to pay with a thought experiment

Let’s explore the concept of willingness to pay with a thought experiment. Imagine a specific sporting, entertainment, or cultural event that you would very much like to attend-perhaps a World Cup mat...

Q: If you were running a state welfare agency and had to choose

If you were running a state welfare agency and had to choose one of the programs listed in the table, what information would you like in addition to that provided in the table?

Q: How closely do government expenditures measure opportunity cost for each of the

How closely do government expenditures measure opportunity cost for each of the following program inputs? a. Time of jurors in a criminal justice program that requires more trials. b. Land to be us...

Q: A person’s demand for gizmos is given by the following equation:

A person’s demand for gizmos is given by the following equation: q = 6 – 0.5p + 0.0002I where, q is the quantity demanded at price p when the person’s income is I. Assume initially that the person’s i...

Q: At the current market equilibrium, the price of a good equals

At the current market equilibrium, the price of a good equals $40 and the quantity equals 10 units. At this equilibrium, the price elasticity of supply is 2.0. Assume that the supply schedule is linea...