Assume That a Government Is Considering a New Social Program

question 65

Multiple Choice

Assume that a government is considering a new social program and may choose to include in this program any number of four progressively larger projects.The marginal cost and the marginal benefit of each of the four projects is provided in the table. Refer to the above table and information.What are the total costs and total benefits of doing projects A,B,and C?

• A) Total cost is $5 billion and total benefit is $7 billion.
• B) Total cost is $4 billion and total benefit is $7 billion.
• C) Total cost is $9 billion and total benefit is $12 billion.
• D) Total cost is $16 billion and total benefit is $20 billion.

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Definitions:

Mean Oral Temperature

The average temperature taken from the mouth, which reflects the body's core temperature, commonly used in clinical assessments.

Older Adults

Individuals typically aged 65 years and older, often requiring specialized healthcare due to various age-related conditions.

Younger Adults

Individuals typically in their late adolescence to early 30s, often characterized by physical maturity and the onset of adulthood responsibilities.

Oxygen

A gaseous element essential for cellular respiration and energy production in living organisms, also used medically to support breathing.