Refer to the table. The marginal cost and marginal benefit of stadium B (relative to A) are:





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.



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.

D. $20 million and $60 million, respectively.

Economics

You might also like to view...

Complete the following short-run cost table using the information provided

Economics

Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:

A. P2 and Y2. B. P1 and Y2. C. P4 and Y2. D. P1 and Y1.

Economics