The following information is for four highway programs of increasing scope.All figures are in millions of dollars.The data indicate that:
A)there is no highway program which is economically justifiable on the basis of cost-benefit analysis.
B)the marginal cost and marginal benefit of Program A are $2 and $9 respectively.
C)the marginal cost and marginal benefit of Program C are $12 and $21 respectively.
D)the marginal cost and marginal benefit of Program A cannot be determined.

Question

The following information is for four highway programs of increasing scope.All figures are in millions of dollars.The data indicate that: 
A)there is no highway program which is economically justifiable on the basis of cost-benefit analysis. 
B)the marginal cost and marginal benefit of Program A are $2 and $9 respectively. 
C)the marginal cost and marginal benefit of Program C are $12 and $21 respectively. 
D)the marginal cost and marginal benefit of Program A cannot be determined.

Quizplus · Accepted Answer

The Answer of The following information is for four highway programs of increasing scope.All figures are in millions of dollars.The data indicate that: 
A)there is no highway program which is economically justifiable on the basis of cost-benefit analysis. 
B)the marginal cost and marginal benefit of Program A are $2 and $9 respectively. 
C)the marginal cost and marginal benefit of Program C are $12 and $21 respectively. 
D)the marginal cost and marginal benefit of Program A cannot be determined.

The Following Information Is for Four Highway Programs of Increasing