The governor has proposed to clean up all trash on the side of the highway. The project is estimated to cost the tax payers and additional $15,000. The city will benefit by having a clean highway which will entice tourists to stop along their routes. The project is estimated to bring in $18,000 of revenue from the highway being cleaned. Should the governor continue with the project?
A. Yes, the tax payers wanted the highway cleaned up.
B. Yes, the project will bring in $3,000 more in MB than MC.
C. No, the benefit from the project will only be $3000.
D. No, the project will not bring in enough benefit to cover the costs.
Answer: B
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According to your textbook authors, laws restricting competitors
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In Figure 3-6 above, income and planned expenditure are equal at
A) point J. B) point K. C) point L. D) all of the above.
Symmetric information generally leads to efficient allocations of resources
a. True b. False Indicate whether the statement is true or false