Question: Baltimore is in the early stages of its "North Avenue Rising" project. Prior to the implementation, a basic cost-benefit analysis was conducted. You can access this report here or on ELMS. In class, we discussed the nine steps of a cost-benefit analysis. Refer to the report on the North Avenue Rising project to answer the following questions about each step of the CBA
a. What is the specified set of alternatives for this project?
b. Wihosir benefits and costs count? (Who has standing?)
c. Identify the impact categories. How does this report's definition of impact categories differ from the book's definition? (Hint: What have they left out?)
d. Which of the benefits have been quantified?
e. How does Table 6 help to monetize some of the benefits?
f. What discount rate does this CBA use?