1. Problem1 What methods might you use for estimating the value of the benefits for each of the following? In each case, give one example of a method that would apply well, and describe the steps involved for that exact situation. In each case, give one example of a method that would NOT work well, and describe why. (a) An hour of reduced commuting time (b) The conversion of 15 kilometers of unused railway tracks near a city of 300,000 into a new bike path (c) A reduction in annual flood risks from the Mississippi River for St. Louis by 5% (d) The creation of a new national park in the Okanagan region of BC (e) Saving a human life