Question: Suppose there are only five people in a society and each favors one of the five highway construction options in Table 16.2 (include no highway

Suppose there are only five people in a society and each favors one of the five highway construction options in Table 16.2 (include no highway construction as one of the options).
Cost-Benefit Analysis for a National Highway
Construction Project (in Billions)

Explain which of these highway options will be selected using a majority paired-choice vote. Will this option be the optimal size of the project from an economicperspective?

Total Cost Marginal Total Marginal Net Benefit of Project Cost Benefit Beit (4) (2) Plan No new construction A: Widen existing highways B: New 2-lane highways C: New 4-lane highways D: New 6-lane highways 10 18 28 13 23 26 I0 l0

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