What is consumer surplus? What is the change in consumer surplus? Why it is important in estimating user benefits of a transportation project?
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- What is two external costs and two external benefits of the transportation.how can we reduce carbon emission in the transport sector?1. Explain the considerations that can modify and individuals demand for urban transportation. Some products have elastic demand while some have inelastic demands. Explain the condition in which the derived demand for transport would be elastic or inelastic. 2. Is building roads a good idea even if it results in more travel demand?
- Is the demand for public transit more responsive to price changes or service quality changes? Discuss the implication to transportation policies.Discuss factors affecting the effectiveness of the cost analysis of transport markets.What are the direct and indirect economic impacts related to air transportation and how do they differ? Please cite an example for each.
- Economists often point to the impact of improved transportation on land values and related economic development. What is the nature and significance of the transporta- tion impact?Explain the importance of a good transport system to the economy.n order to create more jobs in the region, the local government gave permission to a foreign investor to build a chemical plant not far from a residential area. Analysts predict that real estate prices will drop by 15%15%. Currently, the total value of real estate is $40$40 million.Calculate the potential external cost for the residents in this area of building the chemical plant. Write the exact answer. Do not round.
- 2.I slow II. Not allowing door-to-door transport III. Cannot be used with large volume products IV. Lack of elasticity Which or which of the above seaway is one of the weaknesses of the transportation? A) I and II B) II and III C) I, II and III D) I, II and IV E) I, II, III and IVThe figure below shows the demand curve for a U.S. farmer for irrigating his land. It costs $100 per acre to irrigate the land. Each acre of land irrigation generates salty runoff that winds up in the Colorado River. It costs $50 to desalinate this river water so Mexican farmers can irrigate their crops. Price ($) 275 250 225 200 175 150 125 100 75 50 25 0 DMBMB sed 10 20 30 40 50 60 70 80 90 100110120 Irrigation (acres) Tools (2) MCpvt MC socialHow expensive public transport is impact on people with low salary ? Graph it.