The data indicate that:





Answer the question on the basis of the following information for four highway programs of increasing scope. All figures are in millions of dollars.

A. there is no highway program that is economically justifiable on the basis of cost-benefit

analysis.

B. the marginal cost and marginal benefit of Program A are $2 and $9 respectively.

C. the marginal cost and marginal benefit of Program C are $12 and $21 respectively.

D. the marginal cost and marginal benefit of Program A cannot be determined.


B. the marginal cost and marginal benefit of Program A are $2 and $9 respectively.

Economics

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If demand is price inelastic, a decrease in price

a. raises total revenue to the seller b. raises total expenditure on the good, but not total revenue to the seller c. reduces total revenue to the seller d. leaves total revenue to the seller unchanged e. leaves total expenditure on the good unchanged

Economics

A higher return on saving ______ the amount a household needs to save to achieve any target level of future consumption. This effect on saving is called the _______ effect. If the income effect is large enough, then a reduction in taxes on saving might ______ tax revenues

Fill in the blank(s) with correct word

Economics

The aggregate-demand curve shows the quantity of goods and services that firms choose to produce and sell at each price level.

a. true b. false

Economics

Describe the origins and reasons for the establishment of health savings accounts

What will be an ideal response?

Economics