Yet another torrential rainstorm has smashed into the city of Houston, causing severe flooding conditions and property d
Posted: Sun Jun 05, 2022 4:18 pm
Yet another torrential rainstorm has smashed into the city of
Houston, causing severe flooding conditions and property damage.
The municipal government signs a contract with a local construction
company named Texas Water Works (TWW) to expand a Bayou drainage
system in the most heavily damaged neighborhoods. At first, all
stakeholders are pleased with the contract. However, before
construction begins, a pair of disturbing revelations disrupts the
TWW’s development plans. First, a local environmental group
launches a series of protests about a threatened bat colony that is
discovered under bridges across the construction site. Next, a
local news station breaks an investigative story that
representatives of TWW may have paid a financial “gratuity” to a
government official shortly before the official approved the
environmental terms of the project. TWW expected to earn $1 billion
in profits from construction before the investigative report and
the environmental protests. Additional Information: If the project
proceeds as originally planned, there is a 25% chance that the bat
species will become extinct, resulting in a public relations
nightmare that would bankrupt the company and cause $1 billion in
shareholder losses. If TWW spends $300 million in an attempt to
relocate the bats, there is a 10% chance that the attempt will fail
and the bat species will still become extinct. If TWW spends $100
million in an attempt to reduce the project to “build around” the
bats, profits will decline by 30% and there is a 20% chance that
the attempt will fail and the bat species will still become
extinct. PLEASE ANSWER QUESTIONS 3, 4, 5 THOROUGHLY AND
WITH REASONS WHY YOU CHOSE YOUR RESPONSE. NOT JUST YES OR NO
ANSWERS!!! I need thorough answers. Everyone keeps giving me vague
answers. I have to know why you say what you said in more than 2
sentences.
3. May the answers to these questions change as time passes?
4. From a Faith perspective, how should we address the value of
human and bat life?
5. Can traditional economic models adequately quantify these
factors?
Houston, causing severe flooding conditions and property damage.
The municipal government signs a contract with a local construction
company named Texas Water Works (TWW) to expand a Bayou drainage
system in the most heavily damaged neighborhoods. At first, all
stakeholders are pleased with the contract. However, before
construction begins, a pair of disturbing revelations disrupts the
TWW’s development plans. First, a local environmental group
launches a series of protests about a threatened bat colony that is
discovered under bridges across the construction site. Next, a
local news station breaks an investigative story that
representatives of TWW may have paid a financial “gratuity” to a
government official shortly before the official approved the
environmental terms of the project. TWW expected to earn $1 billion
in profits from construction before the investigative report and
the environmental protests. Additional Information: If the project
proceeds as originally planned, there is a 25% chance that the bat
species will become extinct, resulting in a public relations
nightmare that would bankrupt the company and cause $1 billion in
shareholder losses. If TWW spends $300 million in an attempt to
relocate the bats, there is a 10% chance that the attempt will fail
and the bat species will still become extinct. If TWW spends $100
million in an attempt to reduce the project to “build around” the
bats, profits will decline by 30% and there is a 20% chance that
the attempt will fail and the bat species will still become
extinct. PLEASE ANSWER QUESTIONS 3, 4, 5 THOROUGHLY AND
WITH REASONS WHY YOU CHOSE YOUR RESPONSE. NOT JUST YES OR NO
ANSWERS!!! I need thorough answers. Everyone keeps giving me vague
answers. I have to know why you say what you said in more than 2
sentences.
3. May the answers to these questions change as time passes?
4. From a Faith perspective, how should we address the value of
human and bat life?
5. Can traditional economic models adequately quantify these
factors?