Refer to the table and information below. What is the net benefit of project D?
Assume that a government is considering a new social program and may choose to include in this program any number of four progressively larger projects. The marginal cost and the marginal benefits of each of the four projects are given in the table.
A. $1 billion
B. $3 billion
C. $4 billion
D. $20 billion
C. $4 billion
You might also like to view...
A decrease in business taxes will tend to ________.
A. decrease aggregate demand B. increase aggregate supply C. increase aggregate supply but not change aggregate demand D. increase aggregate demand but not change aggregate supply
Limits on the value of the assets that commercial banks can acquire relative to their capital is known as:
A) equity requirements B) capital requirements C) required reserves D) asset requirements
Which of the following is NOT a measure of productivity?
A. Average advertising B. Total product C. Input-output ratio D. Marginal product
If supply of a product increases and demand for the product decreases, equilibrium price will definitely change.
Answer the following statement true (T) or false (F)