Question :
91.RefertoTable11-5.Supposethecosttoruntheferryforeachroundtripis$750.Thentotalsurplusforthe4businessownersis
a.$750ifthereis1ferrytrip.
b.$40ifthereare2ferrytrips.
c.$150if : 1261437
91.RefertoTable11-5.Supposethecosttoruntheferryforeachroundtripis$750.Thentotalsurplusforthe4businessownersis
a.$750ifthereis1ferrytrip.
b.$40ifthereare2ferrytrips.
c.$150ifthereare3ferrytrips.
d.-$400ifthereare4ferrytrips.
92.RefertoTable11-5.Supposethecosttoruntheferryforeachroundtripis$750perdayandthe4businessownershaveagreedtosplitthecostsoftheferrytripsequally.Whichbusinessowner(s)wouldbeopposedtohavinganyferrytrips?
a.onlytheownerofStoreB
b.onlytheownersofStoresAandB
c.onlytheownersofStoresAandBandRestaurant2
d.All4businessownerswouldbeopposedtopayingforanyferrytrips.
93.RefertoTable11-5.Supposethecosttoruntheferryforeachroundtripis$750perdayandthe4businessownershaveagreedtosplitthecostsoftheferrytripsequally.HowmanyferrytripswouldtheownerofRestaurant1prefertohave?
a.0
b.1
c.2
d.3
94.RefertoTable11-5.Supposethecosttoruntheferryforeachroundtripis$1,000perdayandthe4businessownershaveagreedtosplitthecostsoftheferrytripsequally.HowmanyferrytripswouldtheownerofStoreAprefertohave?
a.0
b.1
c.2
d.3
95.RefertoTable11-5.Supposethecosttoruntheferryforeachroundtripis$750perdayandthe4businessownershaveagreedtosplitthecostsoftheferrytripsequally.Whichofthefollowingstatementsiscorrect?
a.TheownerofRestaurant1wouldprefertohave3ferrytrips.
b.TheownerofRestaurant2wouldprefertohave2ferrytrips.
c.TheownerofStoreAwouldprefertohave1ferrytrip.
d.Alloftheabovearecorrect.
96.RefertoTable11-5.Supposethecosttoruntheferryforeachroundtripis$1,000perdayandthe4businessownershaveagreedtosplitthecostsoftheferrytripsequally.Whichofthefollowingstatementsiscorrect?
a.TheownerofRestaurant1wouldprefertohave2ferrytrips.
b.TheownerofRestaurant2wouldprefertohave1ferrytrip.
c.TheownersofStoresAandBwouldprefertohave0trips.
d.Alloftheabovearecorrect.
97.Ifthegovernmentdecidestobuildanewhighway,thefirststepwouldbetoconductastudytodeterminethevalueoftheproject.Thestudyiscalleda
a.budgetanalysis.
b.projectanalysis.
c.reimbursementanalysis.
d.cost-benefitanalysis.
98.Supposethecosttoerectatornadosireninasmalltownis$15,000.Inaddition,supposethevalueofahumanlifeis$10million. Bywhatpercentagewouldthesirenneedtoreducetheriskofafatalityforthebenefitsofthesirentoexceedthecostsofthesiren?
a.Byatleast0.015percentagepoints.
b.Byatleast0.15percentagepoints.
c.Byatleast1.5percentagepoints.
d.Byatleast5percentagepoints.
99.Studiesthatcomparethewagesofmoreriskyandlessriskyoccupationsestimatethevalueofahumanlifetobeabout
a.$1million.
b.$5million.
c.$10million.
d.$20million.
100.Whichof the followingisnotareasonthatthefindingsofcost-benefitanalysesonpublicgoodsareonlyroughapproximations?
a.Withoutprices,itisdifficulttobesurehowmuchpeoplereallyvalueagood.
b.Analystscan’tbesurethattherespondentstosurveysaretellingthetruth.
c.Analysismustincludenotonlythecostofbuildingtheprojectbutalsothecostofmaintenance,ifany.
d.Peoplevaluegoodsdifferentlyiftheyarepubliclyprovidedratherthanprivatelyprovided.