Refer to the table. Based on cost-benefit analysis, the city should:
Answer the question on the basis of the following table that shows the total costs and total benefits facing a city of five different potential baseball stadiums of increasing size. All figures are in millions of dollars.
A. not build any of these stadiums.
B. build stadium E.
C. build stadium C.
D. build stadium D.
D. build stadium D.
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Which one of the following is TRUE about the effects of fiscal policy?
A) A decrease in government spending will decrease aggregate demand. B) A tax change does not have any direct or indirect effects on aggregate demand. C) A decrease government spending will increase aggregate supply. D) An increase in government spending will reduce aggregate demand.
An increase in the equilibrium price of Japanese yen per dollar could be caused by a(n):
a. increase in the general level of prices in Japan. b. increase in the U.S. demand for domestically-built automobiles. c. decrease in the U.S. income relative to the income in Japan. d. increase in the supply of dollars on the foreign market.
First Safety, a commercial bank, has $6,000,000 of outstanding demand deposits and actual reserves of $1,700,000 . If the reserve ratio is 25 percent, what is the maximum amount of new loans the bank can extend?
a. $100,000 b. $425,000 c. $200,000 d. $1,500,000
Suppose Iceland goes from being an isolated country to being an exporter of coats. As a result,
a. consumer surplus increases for consumers of coats in Iceland. b. producer surplus increases for producers of coats in Iceland. c. total surplus remains unchanged in the coat market in Iceland. d. it is reasonable to infer that other countries have a comparative advantage over Iceland in coat production.