### Antipollution Program Cost-Benefit AnalysisThe following table presents a comparative analysis of the total costs and benefits, measured in billions of U.S. dollars, for four distinct antipollution programs of varying scope. This cost-benefit analysis will aid in determining the most efficient program to undertake. The decision should be based on the comparison of total costs and total benefits for each program.#### Table: Costs and Benefits of Antipollution Programs| Program | Total Cost | Total Benefit ||:-------:|:----------:|:-------------:|| A | $100 | $200 || B | $280 | $350 || C | $480 | $470 || D | $1240 | $580 |### Analysis- **Program A**: - Total Cost: $100 billion - Total Benefit: $200 billion - Net Benefit: $100 billion - **Program B**: - Total Cost: $280 billion - Total Benefit: $350 billion - Net Benefit: $70 billion - **Program C**: - Total Cost: $480 billion - Total Benefit: $470 billion - Net Benefit: -$10 billion (a loss) - **Program D**: - Total Cost: $1240 billion - Total Benefit: $580 billion - Net Benefit: -$660 billion (a significant loss) ### ConclusionBased on the cost-benefit analysis:- **Program A** offers the highest net benefit of $100 billion and is the most cost-effective option among the four programs evaluated.- **Program B** also provides a positive net benefit of $70 billion, though it is less advantageous compared to Program A.- **Programs C and D** result in financial losses, with Program D producing a significant negative net benefit of -$660 billion, indicating it should not be undertaken.Therefore, Program A is the recommended antipollution program to implement based on its favorable balance of costs and benefits.

In a cost-benefit analysis, the costs and benefits of a decision or course of action are subtracted…

The accompanying table shows the total costs and total benefits, in billions of U.S. dollars, for four different antipollutio programs of increasing scope. Use cost-benefit analysis to determine which program should be undertaken. (LO2) Program Total Cost Total Benefit A $ 100 B 280 480 1,240 CD с $200 350 470 580

The accompanying table shows the total costs and total benefits, in billions of U.S. dollars, for four different antipollutio programs of increasing scope. Use cost-benefit analysis to determine which program should be undertaken. (LO2) Program Total Cost Total Benefit A $ 100 B 280 480 1,240 CD с $200 350 470 580

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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