Refer to the above table and information. What project should the government sel

Question

Refer to the above table and information. What project should the government select to achieve the maximum net benefit? A B C D Refer to the above table and information. What is the total cost and total benefit of doing projects A, B, and C? Total cost is $5 billion and total benefit is $7 billion Total cost is $4 billion and total benefit is $7 billion Total cost is $9 billion and total benefit is $12 billion Total cost is $16 billion and total benefit is $20 billion Which is an example of a negative externality? An increase in the value of land you own when a nearby development is completed The costs paid by a company to build an automated factory Decreased property values in a neighborhood where a disreputable nightclub is operating The higher price you pay when you buy a heavily advertised product

Explanation / Answer

8. B Since here marginal cost=marginal benefit

9. D since, TC=1+3+5+7=$16 & Total benefit=2+3+7+8=$20

10. C since property values are falling .

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