ACE 210 EXAM WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
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Course
ACE 210
Institution
ACE 210
A project is efficient if - ACCURATE ANSWERIts marginal benefits equal its marginal costs.
Which of the following is a true statement about hedonic housing price analysis and the
travel cost method? - ACCURATE ANSWERThey are both revealed preference valuation methods.
They both use data on rea...
ACE 210 EXAM
ACE 210 EXAM WITH GUARANTEED ACCURATE ANSWERS |VERIFIED
A project is efficient if - ACCURATE ANSWER✅✅Its marginal benefits equal
its marginal costs.
Which of the following is a true statement about hedonic housing price analysis
and the
travel cost method? - ACCURATE ANSWER✅✅They are both revealed
preference valuation methods.
They both use data on real consumer actions.
Environmental economics - ACCURATE ANSWER✅✅studies how to design
cost-effective policies.
studies how human decisions toward the environment are affected by incentives.
, Which one of the following statements about open-access resources is true? -
ACCURATE ANSWER✅✅Open-access resources will tend to be over-exploited
relative to the social optimum.
In 2012, eggs were inexpensive to produce. A new policy was passed that required
firms
to improve conditions in poultry farms; after that, the cost of eggs doubled. The
government has
produced the following cost estimates:
In 2012: $50
In 2013 with the policy: $100
In 2013 without the policy: $70
The added cost of the regulation is: - ACCURATE ANSWER✅✅2013 W/
policy=$100
2013 w/out policy= $70
Difference= $30.
The City of Chicago is considering two programs to control water pollution. One is
much
more risky than the other. Their payoffs are as follows:
Fill in one answer from the column on the right for each of the two questions
below on the left: - ACCURATE ANSWER✅✅__1__ (a) Which project does the
city prefer if it is risk neutral?
Project A (probability 1/Value of payoff 205)
__3__ (b) Which project does the city prefer if it is risk loving?
(we can't say)
Suppose Air pollution (Q) in Boulder yields marginal damages equal to a constant
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