Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
whipped whipped
wrote...
Go to Answer
Posts: 560
Rep: 0 0
6 years ago
How does optimization in levels differ from optimization in differences? Assume that the city council has to choose one among the following three alternatives: setting up a school, setting up a hospital, and setting up a playground. The estimates of expected cost and benefit of all three projects are shown in the following table. How does the city council arrive at the optimal choice if both the techniques of optimization are implemented? Do the results vary?

Project    Cost ($)   Benefit ($)
Playground   15,000   30,000
School   20,000   50,000
Hospital   50,000   75,000
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
Read 147 times
1 Reply
Replies
Answer verified by a subject expert
losteinlostein
wrote...
#1
Top Poster
Posts: 583
Rep: 31 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 260 words.
1
Only I can change my life. No one can do it for me.

Related Topics

whipped Author
wrote...

6 years ago
Thanks
terriroberts96
wrote...

Yesterday
Helped a lot
Evolution
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1273 People Browsing
 117 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 513
  
 420
  
 291
Your Opinion
Who will win the 2024 president election?
Votes: 3
Closes: November 4
Previous poll results: Who will win the 2024 president election?