Questions from Cost Accounting

Q: Use several alternative discount rate values to investigate the sensitivity of the

Use several alternative discount rate values to investigate the sensitivity of the present value of net benefits of the dam in exercise (1) to the assumed value of the real discount rate. Data from e...

Q: The prevalence of a disease among a certain population is 0.

The prevalence of a disease among a certain population is 0.40. That is, there is a 40 percent chance that a person randomly selected from the population will have the disease. An imperfect test that...

Q: Two alternative mosquito control programs have been proposed to reduce the health

Two alternative mosquito control programs have been proposed to reduce the health risks of West Nile disease in a state over the next five years. The costs and effectiveness of each program in each of...

Q: A large rural county is considering establishing a medical transport unit that

A large rural county is considering establishing a medical transport unit that would use helicopters to fly emergency medical cases to hospitals. Analysts have attempted to estimate the benefits from...

Q: Imagine that we want to value a cultural festival from the point

Imagine that we want to value a cultural festival from the point of view of a risk-averse person. The person’s utility is given by U (I) where $I is her income. She has a 50 percent chance of being ab...

Q: An analyst wishing to estimate the benefits of preserving a wetland has

An analyst wishing to estimate the benefits of preserving a wetland has combined information obtained from two methods. First, she surveyed those who visited the wetland - fishers, duck hunters, and b...

Q: Imagine that a rancher would have an income of $80,

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 imagine that a county progra...

Q: In exercise (3) the optimal strategy involved testing. Does

In exercise (3) the optimal strategy involved testing. Does testing remain optimal if the prevalence of the disease in the population is only .05? Does your answer suggest any general principle? Data...

Q: Imagine a wilderness area of 200 square miles in the Rocky Mountains

Imagine a wilderness area of 200 square miles in the Rocky Mountains. How would you expect each of the following factors to affect people’s total willingness to pay for its preservation? a. The size o...

Q: Consider a government training program that provides low-skilled men job

Consider a government training program that provides low-skilled men job-specific training. To evaluate this program, members of the target population were randomly assigned to either a treatment grou...