Question: The international space station is scheduled to de orbit and expire
The international space station is scheduled to de-orbit and expire in a few years. Supporters of maintaining the space station beyond this time argue that one should take into account the money that has already been spent on it. As Senator Bill Nelson said, “If we’ve spent a hundred billion dollars, I don’t think we want to shut it down in 2015” [Achenbach, 2009]. Comment on the senator’s reasoning. How would you determine whether the space station should be discontinued?
Answer to relevant QuestionsA satirical essay recently advocated forcing taxi companies to switch to rickshaws, which are small two- wheeled taxis pulled by a runner or bicyclist. The authors note that this would create new jobs in the form of drivers ...A recent study found that the price elasticity of demand for medical care is – 2.3 [Kowalski, 2009]. If this estimate is correct, what does the existence of a coinsurance rate of 20 percent do for an individual’s demand ...In Boca Raton, Florida, doctors frequently lock their doors at lunch in order to prevent Medicare patients from crowding into the office while they’re away. One doctor commented that these patients have few serious medical ...In Brazil, the introduction of Viagra has contributed to a sharp increase in the number of elderly men who marry young women. As is the case in the United States, the Brazilian social security system provides pension ...Suppose there are only two people, Simon and Charity, who must split a fixed income of $ 100. For Simon, the marginal utility of income is MUs = 400 -2Is whereas for Charity, marginal utility is MUc =400 -6Ic where I c , I s ...
Post your question