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maks197457 [2]
3 years ago
9

One hundred of the voters in a town are willing to pay $100 each to support a public green space, which will cost $10,000 to bui

ld and maintain. One hundred and fifty voters in the same town do not value the public green space. What is the social marginal benefit of the public green space
Business
1 answer:
Zina [86]3 years ago
5 0

Answer:

Social Marginal Benefit = 10000

Net Social Marginal Benefit = 0

Explanation:

For Public Goods, Marginal benefit to each consumer is reflected within their willingness to pay for the public good.

Marginal Benefit (Willingness to pay) = 100 for 100 people, 0 for 150 people

So, Marginal Benefit = (100) (100) + (150) (0)

= 10,000

Marginal Cost of the public good space = 10000 [Given]

Net Social Marginal Benefit = Marginal Benefit - Marginal Cost

= 10,000 - 10,000

= 0

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How do the internet standards allow for greater commerce? what potential problems could we have if we did not have the ieee?
REY [17]
The Internet standards allow for greater commerce because it helps guide the information and commerce paths as they grow and as we move more and more toward digital operations. If we didn’t have the IEEE or their standards we would have utter chaos when it comes to technology and the level of digital communication and use that we have today on such a coordinated scale simply wouldn’t be possible. It would be like trying to pour water down a platform into a cup a distance away (symbol of worldwide digital coordination). The water can go anywhere it wants to within these guidelines and in the end we end up with water in the glass (i.e. worldwide digital coordination). This allows for an exponential growth in technology worldwide.
8 0
3 years ago
According to a 2018 article in Esquire magazine, approximately 70% of males over age will develop cancerous cells in their prost
yaroslaw [1]

Answer:

a) Probability of prostrate cancer given a positive test is P(C|+) = 0.0213

b) Probability of cancer given a negative test is P(C|-) = 0.0161

c) Probability of prostrate cancer given a positive test is P(C|+) = 0.3137

d) Probability of cancer given a negative test is P(C|-) = 0.2553

Explanation:

Probability male patient has prostate cancer, P(C) = 0.02

Probability male patient does not have prostrate cancer P(C') = 1 - 0.02 = 0.98

Probability of a positive test given there is no cancer, i.e. P(false positive) = P(+|C') = 0.75

P(negative test given there is cancer) = P(false negative) = P(-|C) = 0.2

P(negative test given there is no cancer) is the complement of P(+|C') = P(-|C') = 1 - 0.75 = 0.25

Probability of positive test given there is prostrate cancer, P(+|C) is the complement of P(-|C), = 1 - 0.2 = 0.8.

a) Probability of prostrate cancer given a positive test is P(C|+)

According to Baye's theorem, P(C|+) = P(+|C)P(C)/P(+)

For P(+), we use the Law Of Total Probability: P(+) = P(+|C)P(C) + P(+|C')P(C')

P(+) = (0.8 * 0.02) + (0.75 * 0.98) = 0.751

Therefore, P(C|+) = P(+|C)P(C)/P(+)

P(C|+) = (0.8 * 0.02)/0.751 = 0.0213

b) Probability of cancer given a negative test is P(C|-)

According to Baye's theorem, P(C|-) = P(-|C)P(C)/P(-)

P(-) = P(-|C)P(C) + P(-|C')P(C')

P(-) = (0.2 * 0.02) + (0.25 * 0.98) = 0.249

Therefore, P(C|-) = (0.2 * 0.02)/0.249

P(C|-) = 0.0161

Part 2: Given the following;

Probability male patient has prostate cancer, P(C) = 0.3

Probability male patient does not have prostrate cancer P(C') = 1 - 0.3 = 0.70

Probability of a positive test given there is no cancer, i.e. P(false positive) = P(+|C') = = 0.75

P(negative test given there is cancer) = P(false negative) = P(-|C) = 0.2

P(negative test given there is no cancer) is the complement of P(+|C') = P(-|C') = 1 - 0.75 = 0.25

Probability of positive test given there is prostrate cancer, P(+|C) is the complement of P(-|C), = 1 - 0.2 = 0.8.

c) Probability of prostrate cancer given a positive test is P(C|+)

According to Baye's theorem, P(C|+) = P(+|C)P(C)/P(+)

For P(+), we use the Law Of Total Probability: P(+) = P(+|C)P(C) + P(+|C')P(C')

P(+) = (0.8 * 0.3) + (0.75 * 0.7) = 0.751

Therefore, P(C|+) = P(+|C)P(C)/P(+)

P(C|+) = (0.8 * 0.3)/0.765 = 0.3137

d) Probability of cancer given a negative test is P(C|-)

According to Baye's theorem, P(C|-) = P(-|C)P(C)/P(-)

P(-) = P(-|C)P(C) + P(-|C')P(C')

P(-) = (0.2 * 0.3) + (0.25 * 0.7) = 0.235

Therefore, P(C|-) = (0.2 * 0.3)/0.235

P(C|-) = 0.2553

4 0
4 years ago
The executives of Garner-Wagner Inc. are considering a project that has an up-front cost of $3 million and is expected to produc
zavuch27 [327]

Answer:

The projects net present value = −$1,104,607

Explanation:

The net present value is the sum of the present values of all expected cash-flows from t=0 to t=n

The equal cash-flows of $500,000 expected at the end of each year from year 1 to year 5 are an annuity whose present value is  calculated as follows:

PV of An Ordinary Annuity= \frac{PMT[1-(1+i)^{-n} ] }{i}

where PMT is the the equal payment cash inflow received at the end of each period

i is the project's cost of capital and

n  is the number of periods making the annuity

Therefore: Net Present value of this investment given a 10% project cost of capital is calculated as follows:

NPV=-$3million + \frac{($500,000*[1-(1+0.1)^{-5} ]) }{0.1}=-$1,104,606

6 0
4 years ago
Which of the following is not an advantage of the corporate form of business organization?
RoseWind [281]

Answer:

Easy to transfer ownership.

Explanation:

its ownership is easily transferable via the sale of shares of stock.

3 0
3 years ago
General taxes on certain goods such as gasoline, cigarettes, alcohol, cable television, and phone services are
Sindrei [870]
A) income taxes or excise taxes i hope i'd help enough
4 0
3 years ago
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