Solved

Answer the Question on the Basis of the Following Information

Question 47

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. ProgramABCDTotal Cost$261220Total Benefit$9162123\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}
On the basis of the data we can say that:


A) Program D is the most efficient on economic grounds.
B) Program C is the most efficient on economic grounds.
C) Program B is the most efficient on economic grounds.
D) Program A is the most efficient on economic grounds.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents