The government authorized $10 million to build bridges on an interstate. After $8 million were spent, serious engineering flaws were discovered. At that point, experts testified that the government must authorize another $10 million in funding to make the bridges safe, bringing the project's total cost to $20 million. The government should authorize the additional funding as long as the benefits from the completed bridges exceed

If the government removes a $1 tax on sellers of gasoline and imposes the same $1 tax on buyers of gasoline, then the price paid by buyers will

A. not change, and the price received by sellers will not change B. increase, and the price received by sellers will increase. C. increase, and the price received by sellers will not change. D. not change, and the price received by sellers will increase

Kaitlyn and Larissa have formed a dog bathing and grooming business. The number of dogs they can bathe or groom in any given day is depicted in Table 2.1. As they groom more dogs, the opportunity cost of grooming additional dogs

A) rises. B) falls. C) remains constant. D) depends on the prices being charged.