Discrimination is not applied at the concession stands because there can be exchange of the product from children, who'd buy it at a lower price, to adults.
Based on the information provided, the program which maximizes total benefit is option B with a total cost of 6 and a total benefit of 10.
<h3 /><h3>What is Cost-Benefit Analysis?</h3>
This refers to the process of comparing the costs and benefits of various programs in order to select the one with the most value and or benefit based on the total cost to the individual, business, or country.
Subtracting the cost from the benefits, in the data above, the program which yields the highest is B. Hence B is the correct answer.
Please see the link below for more about Cost-Benefit Analysis:
brainly.com/question/199821
Answer:
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- Average total cost (ATC) in economics is calculated as total fixed and variable costs divided by the number of units produced. The normal shape of the average total cost curve is a U, meaning it drops, bottoms out, and then rises. The total cost of an organization is the sum of its fixed and variable costs.
- The vertical summation of AFC and AVC must be obtained in order to graph average total costs (ATC). Plot the points as shown on the left after adding the two at each output level. Because it is the result of adding the AFC and AVC curves, the ATC curve is higher than the other two. You can see that it is U-shaped, just like the AVC curve, on the left.
Thus this is the answer.
To learn more about curve, refer: brainly.com/question/25109150
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911
Explanation:
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