TB MC Qu. 05-80 (Algo) A government is considering undertaking... A government is considering undertaking a construction project of an increasing scale (ranging from 1, 2, 3, to 4). The estimated marginal costs and marginal benefits of each successive scale of the project are given in the table below. Marginal Cost (in Marginal Benefit (in Project 1 2 3 4 millions) $ 8 11 18 28 What is the net benefit of the scale-4 project? Multiple Choice O O $64 million. $65 million. -$1 million. $129 million. millions) $ 11 13 17 23
TB MC Qu. 05-80 (Algo) A government is considering undertaking... A government is considering undertaking a construction project of an increasing scale (ranging from 1, 2, 3, to 4). The estimated marginal costs and marginal benefits of each successive scale of the project are given in the table below. Marginal Cost (in Marginal Benefit (in Project 1 2 3 4 millions) $ 8 11 18 28 What is the net benefit of the scale-4 project? Multiple Choice O O $64 million. $65 million. -$1 million. $129 million. millions) $ 11 13 17 23
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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![TB MC Qu. 05-80 (Algo) A government is considering undertaking...
A government is considering undertaking a construction project of an increasing scale (ranging from 1, 2, 3, to 4). The estimated marginal costs and marginal benefits of each successive scale of the project are given
in the table below.
Marginal Cost (in Marginal Benefit (in
Project
1
2
3
4
millions)
$ 8
11
18
28
What is the net benefit of the scale-4 project?
Multiple Choice
O
O
$64 million.
$65 million.
-$1 million.
$129 million.
millions)
$ 11
13
17
23
<Prev
7 of 20
Next>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe638ac37-bac6-4c0b-a4a1-b9394a2b7924%2F0bb917f5-a540-431b-9e80-0e5e50d6463c%2Fuzjkwi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:TB MC Qu. 05-80 (Algo) A government is considering undertaking...
A government is considering undertaking a construction project of an increasing scale (ranging from 1, 2, 3, to 4). The estimated marginal costs and marginal benefits of each successive scale of the project are given
in the table below.
Marginal Cost (in Marginal Benefit (in
Project
1
2
3
4
millions)
$ 8
11
18
28
What is the net benefit of the scale-4 project?
Multiple Choice
O
O
$64 million.
$65 million.
-$1 million.
$129 million.
millions)
$ 11
13
17
23
<Prev
7 of 20
Next>
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