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07 Assume that a government is considering a new social program and may choose to include in this program one of four progressively larger projects.
07 Assume that a government is considering a new social program and may choose to include in this program one of four progressively larger projects. The marginal cost and the marginal benefits of each of the four projects are given in the table below Project 5 c D Marginal Cont $1 Billion 2 Billion lion 7 Billion Marginal Benefit $ 2 Billion 3 Billion 7 Billion 8 Bion Suppose that the government chooses to do project. What is the total cost and total benefit of doing project C? RON Choice Total cost is $4 and the Total costs on and on ME GE HI
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