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.