Suppose that total costs (TC) double for each project listed in Table 5.2. Which project(s) is (are)
Question:
Suppose that total costs (TC) double for each project listed in Table 5.2. Which project(s) is (are) now economically viable?
a. Plan A only
b. Plans C and D only
c. Plans B and C
d. Plans A and B only
Table 5.2:
Transcribed Image Text:
(1) Plan No new construction A: Widen existing highways B: New 2-lane highways C: New 4-lane highways D: New 6-lane highways (2) Total Cost of Project $0 50 140 240 620 (3) Marginal Cost $50 90 100 380 (4) Total Benefit $0 200 350 470 580 (5) Marginal Benefit $200 150 120 110 (6) Net Benefit (4)-(2) $0 150 210 230 -40
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Muhammad Ahtsham Shabbir
I am a professional freelance writer with more than 7 years’ experience in academic writing. I have a Bachelor`s Degree in Commerce and Master's Degree in Computer Science. I can provide my services in various subjects.
I have professional excellent skills in Microsoft ® Office packages such as Microsoft ® Word, Microsoft ® Excel, and Microsoft ® PowerPoint. Moreover, I have excellent research skills and outstanding analytical and critical thinking skills; a combination that I apply in every paper I handle.
I am conversant with the various citation styles, among them; APA, MLA, Chicago, Havard, and AMA. I also strive to deliver the best to my clients and in a timely manner.My work is always 100% original. I honestly understand the concern of plagiarism and its consequences. As such, I ensure that I check the assignment for any plagiarism before submission.
4.80+
392+ Reviews
587+ Question Solved
Related Book For
Macroeconomics
ISBN: 9781264112456
22nd Edition
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
Question Posted:
Students also viewed these Business questions
-
CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Data set Theory Assume an informational record with one association parent including matches (a, b) where a can't try not to be a parent of b. (a) Write a Datalog demand which gives the graph of...
-
Considerations that affect the selection of an inventory costing method do not include: (a) tax effects. (b) balance sheet effects. (c) income statement effects. (d) perpetual vs. periodic inventory...
-
Worry over tuition and living expenses is disquieting almost half of post-secondary students as they return back to school. They are also anxious they will not be able to repay their debt once they...
-
True Or False Under CERCLA, designing and monitoring cleanup of hazardous waste is easier than with nuisance claims.
-
Police in Albemarle County, Virginia, were on the lookout for a stolen orange and black motorcycle that had eluded them in two previous traffic incidents. Officer David Rhodes drove past the home of...
-
The Celtics Basketball Holdings, L.P. and Subsidiary included the following note in its 1998 annual report: Note GCommitments and Contingencies (in Part) National Basketball Association (NBA)...
-
Let ACR be closed and BCR" be compact. Show that the sum set C = A + B = {cR": = a+b for some A, B} is closed. Is it necessarily true that C is compact?
-
Lets see whether quadratic voting can avoid the paradox of voting that arose in Table 5.3 when using 1p1v in a series of pairedchoice majority votes. To reexamine this situation using quadratic...
-
In Figure 5.2b, we saw that traditional one-person-one-vote (1p1v) majority voting results in an inefficient majority Yes vote (two in favor, one opposed). Lets see whether the outcome is better...
-
The diagram shows the graph of f(x). On separate diagrams, sketch the graphs of a) y = f(4x) b) y = f(3x) c) y = f(x + 1) d) y = 2f( x). On each sketch, mark the new position of the points O, A, B...
-
Using Trig Values To Find Other Values Task #1: cot = -4; sec > 0 Find: sin , cos , tan , csc , sec Task #2: csc = -5 /2; cos < 0 Find: sin , cos , tan , sec , cot
-
Recognize the Need for Plain, Precise, and Current Language 1. Using Familiar Words. Read the following sentences and replace long and unfamiliar words, . jargon, and noun phrases with plain English...
-
One powerful tool for enculturation is the mass media. This week, watch and analyze your favorite television shows/ and or "printed" advertisements (at least 3) for their cultural and gender...
-
If x(x+1) greater than 0, does it follow that x is positive? If no give an example
-
Need to draw a business use case diagram to show the business processes that take place within the business of covid 19 vaccination system. The business use case diagram should contain at least 5 use...
-
Suppose that we define the utility of a state sequence to be the maximum reward obtained in any state in the sequence. Show that this utility function does not result in stationary preferences...
-
What steps must a business take to implement a program of social responsibility?
-
Suppose the total demand for wheat and the total supply of wheat per month in the Kansas City grain market are as shown in the table below. Suppose that the government establishes a price ceiling of...
-
A price ceiling will result in a shortage only if the ceiling price is ____________ the equilibrium price. a. Less than b. Equal to c. Greater than d. Louder than
-
A price ceiling will result in a shortage only if the ceiling price is ____________ the equilibrium price. a. Less than b. Equal to c. Greater than d. Louder than
-
Estimating Lease Liability Wesfolk and Eastern ( the Company ) is a major transportation company. This is an excerpt ( adapted by the authors ) from Note 6 to the Company s Year 8 annual report....
-
Graham bids 96.7 on a $600,000.0075 -day T-Bill. % [A] What is the Present Value? [B] What is the Future Value? [C] What is the Discount? [D] What is the ROR expressed as a Simple Interest Rate? [E]...
-
Scott Corp. manufactures fishing boats. During 2 0 2 3 , total costs associated with manufacturing 1 0 , 0 0 0 boats were as follows: Raw materials = $ 5 2 , 1 0 0 Direct labor = $ 1 9 , 5 0 0...
Study smarter with the SolutionInn App