TB MC Qu. 05-51 The following data are for...
The following data are for a series of increasingly extensive flood-control projects.
Plan A = Levees
Plan B = Small Reservoir
Plan C = Medium Reservoir
Plan D = Large Reservoir
Plan C entails
Total Cost per
Year
$ 10,000
24,000
44,000
72,000
Total Benefit per
Year
$ 16,000
36,000
52,000
64,000
Multiple Choice
marginal benefits in excess of marginal costs.
an overallocation of resources to flood control.