QUESTION 7 Suppose a project will require 3000 local labour hours at the construction

Question: QUESTION 7 Suppose a project will require 3000 local labour hours at the construction stage. Assume it can hire 80 % of labour who would otherwise be unemployed and 20% of labour will be sourced from elsewhere in the economy. The market wage of labour is $45 per hour while the leisure time for unemployed labour is measured at $20 per hour. Match the
Show transcribed image textTranscribed image text: QUESTION 7 Suppose a project will require 3000 local labour hours at the construction stage. Assume it can hire 80 % of labour who would otherwise be unemployed and 20% of labour will be sourced from elsewhere in the economy. The market wage of labour is $45 per hour while the leisure time for unemployed labour is measured at $20 per hour. Match the following values you would use in the CBA: A 75000 ✓ Total labour cost (market price) ✓ Total labour cost (shadow price) B. 60000 C.75000 D. 48000 Total net employment ✓ Total opportunity cost of labour E. 135000 QUESTION 8 A mining firm is considering investing in a project near Archer River in far north Queensland. A recent CBA shows that the project has a net benefit of $170,000 in the market CBA and $120,000 in the social CBA. It is estimated that the local community will suffer environmental damage measured at $40,000 while the downstream residents in NSW (who do not have standing) will suffer a lower water quality measured at $10,000. If the firm will get a net benefit of $120,000 after-tax, calculate the remaining net benefit for the Disaggregated group CBA. Round your answer to the nearest dollar and do not put the $ sign. QUESTION 9 Suppose Jessica is considering investing in a stock portfolio to manage her wealth. The further value of the stock portfolio is $480 with probability 0.60 or $592 with probability 0.40. Her utility of wealth function is given by U=w0.5 What is the value of risk? Provide your answer to two decimal places and do not include the $ sign.