Given the scenario of the proposed Monterey Bay Shores development (http://www.m

ID: 1210592 • Letter: G

Question

Given the scenario of the proposed Monterey Bay Shores development (http://www.montereybayshores.com/), do the following:

1. List 3 costs and 3 benefits of the project. In your example, include goods and services traded in the market and those not traded in the market.

2. Explain how you would assign a value (you do not need to calculate the value) to each of your 3 costs and 3 benefits.

3. Should you support the development if your 3 costs and 3 benefits included all costs and benefits of the project.

1. The three costs associated with this project are environmental costs, Restriction of beaches, General pollution.

The 3 benefits would be employment, Economic development and tourism

2) The project was started like 20 years ago and faced number of law suits, So there must have been number of problems related to its development

but benefits too are immense there will be lot of job creation with this project

3) Development of anything on beaches is everytime difficult to answer, Any pollution will cause lot of harm to environment.

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