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antiseptic1488 [7]
2 years ago
6

Answer the question on the basis of the following information for four highway programs of increasing scope. All figures are in

millions of dollars.
Program Total Cost Total Benefit
A $2 $9
B 6 16
C 12 21
D 20 23

The data indicate that: ____________

a. program D is optimal because it maximizes the total benefit.
b. the marginal cost and marginal benefit of Program A are $2 and $9, respectively.
c. there is no highway program that is economically justifiable on the basis of cost-benefit analysis.
d. the marginal cost and marginal benefit of Program C are $12 and $21, respectively.
Business
1 answer:
Kipish [7]2 years ago
7 0

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

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8 0
3 years ago
Mark Crane purchased a $1,000 corporate bond five years ago for $1,055. The bond paid 7.0 percent annual interest. Five years la
lys-0071 [83]

Answer:

Mr Crane's total return on the bond investment was 5.35%

Explanation:

The return on a bond is also known as it yield to maturity (YTM). In order to find a bonds YTM we need to know its present value, future value, coupon payments and number of years. In this case the bond's present value is 1,055 because it was bought at this price, it's future value is 980 because it was sold for 980, its number of years was 5 as it was held for 5 years and its coupon payment was  (0.07*1000)=70. Now in order to compute return or ytm we need to put all these values in a financial calculator and compute I

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6 0
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Answer:

See explanation section

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3 years ago
What is the profit maximization rule equation?
ValentinkaMS [17]

Answer:

mc=mr

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