Answer the Question on the Basis of the Following Table

question 75

Multiple Choice

Answer the question on the basis of the following table that shows the total costs and total benefits facing a city of five different potential baseball stadiums of increasing size.All figures are in millions of dollars. Refer to the table.The marginal cost and marginal benefit of stadium B (relative to A) are:

• A)$20 million and $50 million, respectively.
• B)$100 million and $200 million, respectively.
• C)$30 million and $50 million, respectively.
• D)$20 million and $60 million, respectively.

Understand the motivations and incentives that influence politicians and government officials' behavior within the public choice theory framework.

Explain how the principles that predict behavior in the private sector can also be applied to understand behavior in the public sector.

Contrast the efficiency and characteristics of market allocation with those of political processes.

Identify the impact of government actions on economic efficiency and individual welfare.

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Definitions:

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Professional Organizations

Entities formed to advance a particular profession, ensuring standards of practice and supporting professionals through education, networking, and advocacy.

Telephone Directory

A printed or online listing of telephone subscribers in a specific geographical area, including their names and phone numbers.

City Directory

A publication that provides comprehensive information about a city, including its businesses, services, and residents.