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Question
A government is considering undertaking one or more construction projects. The estimated marginal cost and benefit of each project are given in the table.
Refer to the above table and information. What is the total cost and total benefit of projects 1, 2, and 3?
A.Total cost is $18 million and total benefit is $19 million.
B.Total cost is $24 million and total benefit is $27 million.
C.Total cost is $37 million and total benefit is $41 million.
D.Total cost is $65 million and total benefit is $66 million.
Answer
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