A government is considering undertaking a construction project of an increasing scale (ranging from 1, 2, 3, to 4). The estimated marginal costs and marginal bene?ts of each successive scale of the project are given in the
Table below.
$$\begin{array} { | c | c | c | }
\hline \text { Project } & \begin{array} { c }
\text { Marginal Cost } \
\text { (in millions) }
\end{array} & \begin{array} { c }
\text { Marginal Benefit } \
\text { (in millions) }
\end{array} \
\hline 1 & \$ 8 & \$ 11 \
\hline 2 & 11 & 13 \
\hline 3 & 18 & 17 \
\hline 4 & 28 & 23 \
\hline
\end{array}$$ What is the net bene?t of project scale 2?

Question

A government is considering undertaking a construction project of an increasing scale (ranging from 1, 2, 3, to 4). The estimated marginal costs and marginal bene?ts of each successive scale of the project are given in the
Table below.
$$\begin{array} { | c | c | c | } 
\hline \text { Project } & \begin{array} { c } 
\text { Marginal Cost } \
\text { (in millions) }
\end{array} & \begin{array} { c } 
\text { Marginal Benefit } \
\text { (in millions) }
\end{array} \
\hline 1 & \$ 8 & \$ 11 \
\hline 2 & 11 & 13 \
\hline 3 & 18 & 17 \
\hline 4 & 28 & 23 \
\hline
\end{array}$$ What is the net bene?t of project scale 2?

Quizplus · Accepted Answer

The Answer of A government is considering undertaking a construction project of an increasing scale (ranging from 1, 2, 3, to 4). The estimated marginal costs and marginal bene?ts of each successive scale of the project are given in the
Table below.
$$\begin{array} { | c | c | c | } 
\hline \text { Project } & \begin{array} { c } 
\text { Marginal Cost } \
\text { (in millions) }
\end{array} & \begin{array} { c } 
\text { Marginal Benefit } \
\text { (in millions) }
\end{array} \
\hline 1 & \$ 8 & \$ 11 \
\hline 2 & 11 & 13 \
\hline 3 & 18 & 17 \
\hline 4 & 28 & 23 \
\hline
\end{array}$$ What is the net bene?t of project scale 2?

A Government Is Considering Undertaking a Construction Project of an Increasing