A cost-benefit analysis of a highway is difficult to conduct because analysts
a. cannot estimate the explicit cost of a project that has not been completed.
b. are unlikely to have access to costs on similar projects.
c. are not able to consider the opportunity cost of resources.
d. will have difficulty estimating the value of the highway.
d
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A pumped storage reservoir used regularly by an electrical utility is efficient for the utility to operate
A) even if it takes twice as much electricity to operate as it generates. B) only if it generates more electricity in the long run than it uses u
Harry and Gus fish the same lake together from the same boat
Each morning Harry typically catches either 20 bluegills or 5 walleyes (depending on how deep he fishes) while Gus typically catches either 20 bluegills or 2 walleyes (depending on how deep he fishes). Other things constant, if they wish to maximize the total number of fish they catch together tomorrow morning, regardless of species, A) Harry should fish and Gus should row. B) Harry should fish only for bluegills and Gus should fish only for walleyes. C) Gus should fish only for bluegills and Harry should fish only for walleyes. D) both Harry and Gus should fish for bluegills.