Total Benefit Per Total Cost Per Year Year Plan A Levees $10,000 $ 16,000 %3D Plan B = Small Reservoir 24,000 36,000 Plan C = Medium Reservoir 44,000 52,000 Plan D = Large Reservoir 72,000 64,000 For Plan B marginal costs and marginal benefits are
Total Benefit Per Total Cost Per Year Year Plan A Levees $10,000 $ 16,000 %3D Plan B = Small Reservoir 24,000 36,000 Plan C = Medium Reservoir 44,000 52,000 Plan D = Large Reservoir 72,000 64,000 For Plan B marginal costs and marginal benefits are
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![The following data are for a series of increasingly extensive flood-control projects.
9.
Total Benefit Per
Total Cost Per Year
Year
Plan A = Levees
$10,000
$ 16,000
36,000
52,000
Plan B =
Small Reservoir
24,000
Plan C =
Medium Reservoir
44,000
eBook
Plan D = Large Reservoir
72,000
64,000
For Plan B marginal costs and marginal benefits are
Multiple Choice
(O $24,000 and $36,000, respectively.
$14,000 and $20,000, respectively.
$12,000 and $6,000, respectively.
$20,000 and $16,000, respectively.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F55fa1b8f-af85-487a-ba3f-73161e455858%2F1dd10cad-bd2d-40d2-96bd-375fbe1ecd4c%2Fnw43owp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following data are for a series of increasingly extensive flood-control projects.
9.
Total Benefit Per
Total Cost Per Year
Year
Plan A = Levees
$10,000
$ 16,000
36,000
52,000
Plan B =
Small Reservoir
24,000
Plan C =
Medium Reservoir
44,000
eBook
Plan D = Large Reservoir
72,000
64,000
For Plan B marginal costs and marginal benefits are
Multiple Choice
(O $24,000 and $36,000, respectively.
$14,000 and $20,000, respectively.
$12,000 and $6,000, respectively.
$20,000 and $16,000, respectively.
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