How would you assess the economic benefits vs the social and environmental costs?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter17: Long-term Investment Analysis
Section: Chapter Questions
Problem 1.1CE
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Consider being tasked with conducting a cost-benefit analysis of a potential coal-fired power station. A specific amount of pollutants will be released from the facility, which will be erected on the fringes of a residential area. Its cooling system will require a considerable volume of water. Industries in the area claim that the extra electricity is urgently needed, while locals are against the building. How would you assess the economic benefits vs the social and environmental costs?

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