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New York/ New Jersey Harbor: Alternative Methods for Ex ... - CLU-IN

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obtained by researching the current market <strong>for</strong> a similar product. The way in which the<br />

end-use product price was attained <strong>for</strong> each respective firm is noted in the Economic<br />

Analysis section.<br />

As mentioned in the Beneficial-Use Product section, determining the processing costs<br />

and market price of the product is difficult because most of the firms that participated in<br />

the pilot-study do not know which product they will manufacture. Different products can<br />

be sold on the market <strong>for</strong> different prices. Even <strong>for</strong> a single product, the product price,<br />

marketability, and even production costs can vary greatly. As a result of these<br />

uncertainties, the precise production costs and market price <strong>for</strong> the product cannot be<br />

determined. The market price and the processing cost, which are used in the economic<br />

analysis portion, are estimated values, the sources of which are explained in the end-use<br />

product section. The purpose of the figures is not to give an exact amount of profit a firm<br />

will make, but rather to give the reader an idea of how cost-intensive a process is.<br />

12

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