Answer the Question on the Basis of the Following Information

question 72

Multiple Choice

Answer the question on the basis of the following information for four highway programs of increasing scope.All figures are in millions of dollars. $\begin{array}{c}\begin{array}{c}\underline{\text {Program}}\\\text {A}\\\text {B}\\\text {C}\\\text {D}\end{array}\begin{array}{c}\underline{\text {Total Cost}}\\\$ 2 \\6\\12\\20 \end{array}\begin{array}{c}\underline{\text {Total Benefit}}\\\$ 9 \\16 \\21 \\23\end{array}\end{array}$
The data indicate that:

• A) there is no highway program that is economically justifiable on the basis of cost-benefit analysis.
• B) the marginal cost and marginal benefit of Program A are $2 and $9 respectively.
• C) the marginal cost and marginal benefit of Program C are $12 and $21 respectively.
• D) the marginal cost and marginal benefit of Program A cannot be determined.

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