Some highways have one lane; others have two, three, or more.If each lane costs $10 million per mile, an economist would assume that the total benefit of a three-lane highway must be:
A.less than $10 million per mile.
B.$10 to $20 million per mile.
C.$20 to $30 million per mile.
D.$30 million or more per mile.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q56: Tara notices that studying for one hour
Q78: Wendy sells ice-making machines.She can sell six
Q79: Figure: The Marginal Benefit Curve
Q80: Whenever marginal benefit is greater than marginal
Q81: According to the marginal decision rule, if
Q83: Total net gain is maximized when marginal
Q84: To maximize total net benefit, consumers and
Q85: According to the marginal decision rule in
Q86: In economics, the assumption is that consumers
Q87: Werner installs custom sound systems in cars.If
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents