Willingness to pay is an estimation technique that uses proxies like the cost of a fishing...
Willingness to pay is an estimation technique that uses proxies like the cost of a fishing licenses to arrive at how much a person values a clean environment. True or false
Homework Answers
Ans.
False, we can not consider cost of a fishing license as proxy for how much a person gives important to the environment. Fishing license may work for him as a legal way to do fishing so that he is secure while it does not ensure whether he uses better machinery and better ways to do fishing to save the environment and ecosystem.
For example - Your willingness to pay for cold drink would be more in a rich hotel as compared to a small local store. Thus, we can not take it as a proxy
Add Answer to:
Willingness to pay is an estimation technique that uses proxies
like the cost of a fishing...
In the same community, we have elicited each individual's willingness to pay to build preserve an...
In the same community, we have elicited each individual's willingness to pay to build preserve an acre of natural park space. Whatever amount is preserved, the community will split the cost evenly. Suppose it costs $44 to preserve an acre of natural park space. Park (acres) Avery WTP Billy WTP (S) Cedric WTP Doug WTP Total WTP 10 3. (1 point) How many acres should be preserved to maximize total surplus from the park? 4. (1 point) What is the...
cost estimation PROB #2: LearningCurve An activity to produce 100 units was planned for 40 working days of 8 hours each, for one 5 person crew at KD 10 per hour per person. Because of owner requir...
cost estimation
PROB #2: LearningCurve An activity to produce 100 units was planned for 40 working days of 8 hours each, for one 5 person crew at KD 10 per hour per person. Because of owner required acceleration, the contractor worked with 2 crews of 5 people each for 10 hour per day. The contractor had to pay KD 15 per hour per person for the overtime hours above 8 hr day. For this work, LP 85% ( for learning...
Goog cost accounting axam questions-Google. Doaktown Products manufactures fishing equipment for recreational uses. The Miramichi plant...
Goog cost accounting axam questions-Google. Doaktown Products manufactures fishing equipment for recreational uses. The Miramichi plant produces the company's two versions of a special reel used for river fishing. The two models are the M-008, a basic reel, and the M-123, a new and improved version. Cost accountants at oompany headquarters have prepered costs for the two reels for the most recent period. The plant manager is concemed. The cost report does not coincide with her intuition about the relative...
14. Statement E Utility is measured by how much a person is willing to pay for...
14. Statement E Utility is measured by how much a person is willing to pay for a good or service. Statement I: If you buy four units of a good, your total utility is higher than if you purchased only three units. A. Statement I is true and statement l is false. 8. Statement Il is true and statement I is false. are true. C. Both s D. Both statements are false. 15. When average total cost is declining, then...
Allowed 3 questions please answer all 3 1. 2. 3. The travel cost method is likely...
Allowed 3 questions please answer all 3
1.
2.
3.
The travel cost method is likely to: Select one: a. be used to ascertain the bequest and existence value of an environmental good. b. overstate the value of an environmental good because it includes round trip transportation costs. c. understate the value of an environmental good because it does not include use value. d. understate the value of an environmental good because it does not include non-use value O Which...
The financial markets like predictability of cash flows. Hotels have the shortest leases of all major...
The financial markets like predictability of cash flows. Hotels have the shortest leases of all major property types and the leases can be as short as one day. This is why hotels are often thought of as operating businesses. Office leases, by contrast, are longer term and and it is not uncommon to find office leases with 10-year terms or longer. As a result, cap rates for hotels are generally higher than cap rates for office buildings? True False 5...
2. Variable Manufacturing Cost BRIEF EXERCISES Variances LO4. 5,6 Companies incur a variety of variable manufacturing...
2. Variable Manufacturing Cost BRIEF EXERCISES Variances LO4. 5,6 Companies incur a variety of variable manufacturing costs, including those related to direct materials and direct labor. The following statements relate to vari- able manufacturing cost variances. a. Computing a price variance involves multiplying the difference in the actual quantity used and the standard quantity allowed by the actual price per unit. b. Usage, or efficiency, variances are appropriately calculated for direct materials, but not for direct labor. c. Traditional variance...
Have to show work for every problem 4. A company uses three plants to produce a...
Have to show work for every problem
4. A company uses three plants to produce a new computer chip. Plant A produces 30% of the chips. Plant B produces 45% of the chips. The rest of the chips are produced by plant C. Each plant has its own defectiv rate. These are: plant A produces 3% defective chips, plant B produces 1% defective chips, plant C produces 5% defective chips. Hint: draw a tree diagram. (a) Construct a tree diagram...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a covered peril. This is an example of: an aggregate dollar limit an open perils dollar limit C. a specific dollar limit a mixed dollar limit none of the above e. You purchase an annuity for which you will make one payment of $15,000 on your 50 birthday. The annuity will start paying you $400 a month on your 67" birthday until you die. What...
Question 7 2.38 Points Solve the equation 2x+64=146. Calculate your answer to the nearest whole number....
Question 7 2.38 Points Solve the equation 2x+64=146. Calculate your answer to the nearest whole number. Do not put the x= in your answer. Only put the number value for your answer. Add your answer Question 8 2.38 Points Four teams will receive prize money based on their ticket sales. The total prize amount to be apportioned is $336. Determine the standard divisor based on the ticket sales. The ticket sales are: Applejacks: 54 tickets sold Broncos: 70 tickets sold...
In the same community, we have elicited each individual's willingness to pay to build preserve an acre of natural park space. Whatever amount is preserved, the community will split the cost evenly. Suppose it costs $44 to preserve an acre of natural park space. Park (acres) Avery WTP Billy WTP (S) Cedric WTP Doug WTP Total WTP 10 3. (1 point) How many acres should be preserved to maximize total surplus from the park? 4. (1 point) What is the...
cost estimation
PROB #2: LearningCurve An activity to produce 100 units was planned for 40 working days of 8 hours each, for one 5 person crew at KD 10 per hour per person. Because of owner required acceleration, the contractor worked with 2 crews of 5 people each for 10 hour per day. The contractor had to pay KD 15 per hour per person for the overtime hours above 8 hr day. For this work, LP 85% ( for learning...
Goog cost accounting axam questions-Google. Doaktown Products manufactures fishing equipment for recreational uses. The Miramichi plant produces the company's two versions of a special reel used for river fishing. The two models are the M-008, a basic reel, and the M-123, a new and improved version. Cost accountants at oompany headquarters have prepered costs for the two reels for the most recent period. The plant manager is concemed. The cost report does not coincide with her intuition about the relative...
14. Statement E Utility is measured by how much a person is willing to pay for a good or service. Statement I: If you buy four units of a good, your total utility is higher than if you purchased only three units. A. Statement I is true and statement l is false. 8. Statement Il is true and statement I is false. are true. C. Both s D. Both statements are false. 15. When average total cost is declining, then...
Allowed 3 questions please answer all 3
1.
2.
3.
The travel cost method is likely to: Select one: a. be used to ascertain the bequest and existence value of an environmental good. b. overstate the value of an environmental good because it includes round trip transportation costs. c. understate the value of an environmental good because it does not include use value. d. understate the value of an environmental good because it does not include non-use value O Which...
2. Variable Manufacturing Cost BRIEF EXERCISES Variances LO4. 5,6 Companies incur a variety of variable manufacturing costs, including those related to direct materials and direct labor. The following statements relate to vari- able manufacturing cost variances. a. Computing a price variance involves multiplying the difference in the actual quantity used and the standard quantity allowed by the actual price per unit. b. Usage, or efficiency, variances are appropriately calculated for direct materials, but not for direct labor. c. Traditional variance...
Have to show work for every problem
4. A company uses three plants to produce a new computer chip. Plant A produces 30% of the chips. Plant B produces 45% of the chips. The rest of the chips are produced by plant C. Each plant has its own defectiv rate. These are: plant A produces 3% defective chips, plant B produces 1% defective chips, plant C produces 5% defective chips. Hint: draw a tree diagram. (a) Construct a tree diagram...
A homeowners' policy will typically pay up to $500 per plant that is damaged by a covered peril. This is an example of: an aggregate dollar limit an open perils dollar limit C. a specific dollar limit a mixed dollar limit none of the above e. You purchase an annuity for which you will make one payment of $15,000 on your 50 birthday. The annuity will start paying you $400 a month on your 67" birthday until you die. What...
Question 7 2.38 Points Solve the equation 2x+64=146. Calculate your answer to the nearest whole number. Do not put the x= in your answer. Only put the number value for your answer. Add your answer Question 8 2.38 Points Four teams will receive prize money based on their ticket sales. The total prize amount to be apportioned is $336. Determine the standard divisor based on the ticket sales. The ticket sales are: Applejacks: 54 tickets sold Broncos: 70 tickets sold...
Most questions answered within 3 hours.
-
The half life of a specific Tc-99m is 6 hours. How much of an
192 mg...
asked 3 minutes ago -
If you have 35.0g of Na and 100.0g of Cl2, what is the
maximum amount of...
asked 6 minutes ago -
Assume that adults have IQ scores that are normally distributed
with a mean of 96.8 and...
asked 6 minutes ago -
If a product or other segment of a business is generating a
loss, it is erroneous...
asked 9 minutes ago -
I need help writing c++ code to make this program.
1. Define a function that can...
asked 10 minutes ago -
Problem #5
A communications cable is 2.00 km long and consists of two
parallel wires separated...
asked 38 minutes ago -
​Cranium, Inc., purchases term papers from an overseas supplier
under a continuous review system. The average...
asked 3 hours ago -
1- What is the freezing point of pure water (in degrees
Celsius)?
2-
he molar mass...
asked 4 hours ago -
Determine the direction of the force that will act on the charge
in each of the...
asked 4 hours ago -
You purchase your daily coffee at the Chemist’s Coffeehouse and
have a choice of two cups:...
asked 7 hours ago -
Which of the following pairs of chemicals could be used to make
a buffer solution?
A.)...
asked 7 hours ago -
Problem 16-51 Sales
Activity Variance (LO 16-3)Odessa, Inc., reports the following
information concerning operations for the...
asked 7 hours ago