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:

Consumer Good

A consumer good is a product intended for final consumption by individuals or households as opposed to being used in the production of other goods or services.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a loan or debt.

Purchase-Money Security Interest

A security interest in property that secures the extension of credit by a lender to the borrower for the purpose of acquiring the property.

Perfection

In legal and financial contexts, it refers to the act of completing all necessary steps to establish a secured interest or claim that is enforceable against others.