Suppose the extra cost for a town to lower its speed limit by 5 mph is $20 per day.Then, the town should lower the speed limit if it can generate an additional benefit of $20 per day.

Question

Quizplus · Accepted Answer

The extra cost of $20 per day to lower the speed limit is equivalent to the additional benefit of $20 per day. Therefore, if the town can generate an additional benefit of at least $20 per day by lowering the speed limit, it should do so since the cost would be covered by the benefit.

Suppose the Extra Cost for a Town to Lower Its