Answer the Question on the Basis of the Following Table

question 68

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.

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Definitions:

Jeremy Bentham

A British philosopher, jurist, and social reformer regarded as the founder of modern utilitarianism.

Consequentialist Theorists

Philosophers who argue that the morality of an action is determined solely by its outcomes or consequences.

Theory of Hedonism

A philosophical theory that posits pleasure or happiness as the highest good and primary motivation for human action.

Ultimate Intrinsic Good

The highest value that is good in itself, sought not for the sake of anything else.