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\f9 Answer the question based on the following information for four highway programs of increasing scope. All gures are in millions of dollars. Program Based on the data. we can say that the net benets of Program B are Total Cost Multiple Choice 0 O O O 516. $10. T ota 1 Ben efit Answer the question based on The following data. Iuantity Demanded Per' Price Per Unit Unit of Time What is The price elasticity of demand over the range of $18 to $20? Mumpie Choice 0031 O 3.23 0 I38 0 033 2 If a firm can sell 3,000 units of product A at $10 per unit and 5,000 at $8, then Multiple Choice eBOOK O the price elasticity of demand is approximately 0.44. O A ls a complementary good. O the price elasticity of demand is approximately 2.25. O A Is an Inferior good.\f5 Answer the question based on the following table. which shows a demand schedule. -- Price Demanded \" At a price of $4. the total revenues of sellers will be Multiple Choice 0%. $11 0 Om O 7 Suppose that Katie and Kelly each expect to receive $500 worth of marginal benefits from a proposed new recreation center. whereas Kerry expects to receive only $100 worth. If the proposed tax levied on each for the center would be $400, a majority vote will Multiple Choice eBook O pass this project and resources will be overallocated to It. O defeat this project and resources will be underallocated to It O pass this project and resources will be efficiently allocated to it. O pass this project and resources will be underallocated to it.