Questions from Cost Accounting

Q: (This question pertains to Appendix 3A; instructor-provided spreadsheet

(This question pertains to Appendix 3A; instructor-provided spreadsheet recommended). Imagine a person’s utility function over two goods, X and Y, where Y represents dollars. Specifically, assume a C...

Q: Consider the example presented in Figure 4.3. Compute the

Consider the example presented in Figure 4.3. Compute the annual loss in consumer surplus for the price increase from $1.25 to $1.75. a. Assume a linear demand curve as per equation (4.7) b. Assume a...

Q: Would you describe this study as a Distributional CBA?

Would you describe this study as a Distributional CBA?

Q: Using the scheme shown in Table 14.1, diagram the

Using the scheme shown in Table 14.1, diagram the evaluation design used in each of the following demonstration programs. a. To evaluate a government training program that provides low-income, low-sk...

Q: (Spreadsheet required.) Imagine that a rancher would have an income

(Spreadsheet required.) Imagine that a rancher would have an income of $80,000 if his county remains free from a cattle parasite but only $50,000 if the county is exposed to the parasite. Further imag...

Q: Consider a project that would involve purchasing marginal farmland that would then

Consider a project that would involve purchasing marginal farmland that would then be allowed to return to wetlands capable of supporting migrant birds. Researchers designed a survey to implement the...

Q: (Instructor provided spreadsheet recommended) Figure C4.1 shows the

(Instructor provided spreadsheet recommended) Figure C4.1 shows the effect of adding 183.6 million dozen eggs to the cage free market assuming a price elasticity of supply of 0.5. Recalculate the equi...

Q: a. Why did Blomquist and his colleagues believe that contingent valuation

a. Why did Blomquist and his colleagues believe that contingent valuation was needed to fully assess the value of a 10 percent expansion of KCTCS? b. Did their findings suggest that they were correct?...

Q: An overlook in the state’s Scenic Park offers a spectacular view of

An overlook in the state’s Scenic Park offers a spectacular view of Angel’s Lake and the surrounding countryside. The overlook is accessible to people in wheelchairs by a special park bus that takes a...

Q: Blomquist and his colleagues predict that willingness-to-pay for

Blomquist and his colleagues predict that willingness-to-pay for a 10 percent expansion of KCTCS would be around $92.7 million. Do you think that this is a reasonable estimate? Why or why not?