Private Costs and Social Costs of the project

 

The country of WWTWB (Whichever Way the Wind Blows) is considering implementing a project that will install a windmill farm 10 miles offshore of a rapidly growing beach community. You have been requested to undertake a cost-benefit analysis to evaluate the feasibility of the project. Research this issue and list what you perceive to be the:

a) Private Costs of the project.
b) Social Costs of the project.
c) Private Benefits of the project.
d) Social Benefits of the project.
e) What type of uncertainty could exist for such a project? Explain.
f) If you lived in this beach community would you support the project. Explain

 

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