Suppose that the state of Pennsylvania is proposing an environmental policy plan aimed at reducing smog in
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Suppose that the state of Pennsylvania is proposing an environmental policy plan aimed at reducing smog in its urban centers, particularly Pittsburg and Philadelphia. An economist estimates the present value of benefits (PVB) of the proposed policy to be $4.2 billion and the present value of costs (PVC) to be $5.6 billion. Is this proposal feasible? Explain.
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Using the benefitcost ratio or PVBPVC the value is 4256 or 075 Because the ...View the full answer
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Related Book For
Environmental Economics and Management Theory, Policy and Applications
ISBN: 978-1111826673
6th edition
Authors: Scott J. Callan, Janet M. Thomas
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