2. Explain how the following concepts or principles have been applied to the B-C analysis conducted in the worksheet (you need to explain the following concepts in terms of actual numbers that you get from your worksheet. Hint: reading chapter 8, 9 & 10 might help in answering this question). a. Opportunity cost principle b. Non-market benefits c. With and without principle d. Operation and maintenance costs e. Public goods f. Damage compensation Benefit-Cost Analysis of Metro-Dade Mass Transit Dr. Pallab Mozumder Intro to Eny Econ Cla Final Results: Variables Financial B-C Analysis Economic B-C Analysis My SSN (or New No. Codes 3 3 X1 1 1 X2 5 5 X3 9 9 X4 4 4 X5 6 6 X6 9 9 X7 1 1 X8 7 7 X9 45 X10 Current Gasoline Price ($/gal) = Increase in Gasoline Price = Current Population = ww PV Benefits PV Costs NPV B-C Ratio 4,166,471,729 1,345,413,296 2,821,058,434 3.10 8,105,650,929 1,876,624,419 6,229,026,510 4.32 Initial cost outlay = 280,000,000 1.60 3% 200,000 Annual pop growth = 1.25% 2. Explain how the following concepts or principles have been applied to the B-C analysis conducted in the worksheet (you need to explain the following concepts in terms of actual numbers that you get from your worksheet. Hint: reading chapter 8, 9 & 10 might help in answering this question). a. Opportunity cost principle b. Non-market benefits c. With and without principle d. Operation and maintenance costs e. Public goods f. Damage compensation Benefit-Cost Analysis of Metro-Dade Mass Transit Dr. Pallab Mozumder Intro to Eny Econ Cla Final Results: Variables Financial B-C Analysis Economic B-C Analysis My SSN (or New No. Codes 3 3 X1 1 1 X2 5 5 X3 9 9 X4 4 4 X5 6 6 X6 9 9 X7 1 1 X8 7 7 X9 45 X10 Current Gasoline Price ($/gal) = Increase in Gasoline Price = Current Population = ww PV Benefits PV Costs NPV B-C Ratio 4,166,471,729 1,345,413,296 2,821,058,434 3.10 8,105,650,929 1,876,624,419 6,229,026,510 4.32 Initial cost outlay = 280,000,000 1.60 3% 200,000 Annual pop growth = 1.25%