The government of a very poor country is considering a program to drain swamps and provide bed nets to villagers to protect them against malaria. the program would cost $1 million per year for 5 years. the program would save the lives of 100 children (average age 5), who would then have life expectancies of 60 more years. in addition, the program would prevent 500 other children from catching malaria but surviving. these children would not carry malaria throughout their remaining lives, would not be 25% disabled, and would also live for 60 additional years. program costs occur at the beginning of each year, benefits at the end. the government’s discount rate is 10%. the government’s value of life is a daly of $2000. should the government adopt this program? show and explain your calculations. use excel’s pv function.

Jennifer purchased a house in a brand new development in the outskirts of town. when her house was built, the nearest fire department was nearly 20 miles away. as her neighborhood developed, the density of the community called for a new fire department 1.5 miles away. what effect will the new fire station have on her homeowners insurance premium? a. a new fire department will be more demanding on local taxes. her annual premium will go up. b. the location of a fire department has no bearing on the value of her house. her annual premium will stay the same. c. the new fire department will reduce the risk of financial loss in her home. her annual premium should decrease. d. with a fire department so close (less than 5 miles), financial risk on jennifer’s home practically disappears. she will not need to pay insurance anymore.

Match each economic concept with the scenarios that illustrates it

Which sentence in the passage refers to the "analysis" of a given problem? jeremy is the production manager in a manafacturing company. he has identified a problem in the production process. he has estimated that the problem would lead to a loss of $10,000 and would require time to resolve. further, he has also identified the source of the problem to be the outdated machinery, which might require major repair, if not immediate replacement. finally, jeremy has also divided the problem into smaller parts, such as production costs, overheads, downtime expense, repair expenditure, and so on.