Suppose that hedonic wage studies indicate a willingness to pay $50 per person for a reduction in the risk of a premature death from an environmental hazard of 1/100,000. If the exposed population is 4 million people, what is the total willingess to pay? (answer in million dollars)

Solutions in resource allocation may be efficient, meaning they maximize net benefits, but not sustainable, meaning they ______.

Assume that we have a fixed supply of a depletable resource to allocate between two periods. The inverse demand function for the depletable resource is the same in each of the two periods, given as P = 8 – 0.4q, and the marginal cost of supplying it is $2. If 30 units are to be allocated between two periods, in a dynamic efficient allocation, how much would be allocated to the second period when the discount rate is zero?

In which case would static efficiency be the proper criterion for choosing efficient allocation of resources?

E-business is broader than e-commerce because it includes service, collaboration, and internal transactions.

In the Wall Street Journal article “Are the Amazon’s Trees Worth More Alive than Dead? A New Industry Thinks So,” Samantha Pearson discusses bioeconomies in Brazil as a potential replacement for logging, mining, and cattle ranching. What is one criticism of bioeconomies addressed in the article?

Suppose that we are considering preserving a 4-mile stretch of river and that the benefits and costs of that action are reflected in the figure below. Should that stretch be preserved? 

Which of the following is a common-pool resource?

Which is true about public opinion in the United States today, according to the instructor and the authors of the textbook?

Which is a sensible way to address data silos noted in the textbook and slides?