The table below shows the results of total marginal benefits from different

combination of program selection. If only $500,000 budget available for the public health

services, by using marginal analysis, see the table below for information.

Project A Project B Project C Project D Project E

Cost Total Benefit Total Benefit Total Benefit Total Benefit Total Benefit

100,000 $280 $340 $320 $280 $310

100,000 430 570 590 530 590

100,000 510 620 660 590 680

100,000 565 680 710 660 725

100,000 620 730 750 710 760

A) What will be the best choice of program combination to be selected? Please explain

your steps and numbers.

B) What is the final total benefits from this optimal combination (Summation of the five times

of marginal benefits)? Show your calculation and answer.

C) Draw the Graph to illustrate your selection: (with Marginal benefit as your Y-axis, and

each additional $100,000 investment as your X-axis)

D) What law can be explained by this graph?

Answer rating: 100% (QA)

Solution a first calculate total benefit in all project then compare Project A 2995 Proje... View the full answer