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Q:18 I need the answers ASAP PLEASE Guelph Amber University has found it necessary to minimise the parking lot costs. The university is now considering

Q:18 I need the answers ASAP PLEASE

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Guelph Amber University has found it necessary to minimise the parking lot costs. The university is now considering several alternative places for parking. This table shows the expected 1 points Save Answer annual costs and benefits of these alternatives. You may complete the columns regarding MC, MB and NB. (Figures in thousand dollars). Parking place Total cost Total benefits s Marginal cost per year per year Marginal Net benefits (MC) benefits (NB) (MB) Lot-1-East side 132 136 Lot-2-West side 146 152 Lot-3-North side 162 180 Lot-4-South side 180 204 Lot -5- First floor 200 224 Lot-6- Underground 246 242 Parking place Lot-6-Underground is A. Optimal because marginal benefits are the lowest B. Not justifiable because MC > MB and net benefits are negative C. The best parking place because of the minimum net benefits D. Beneficial because total benefits are maximum and more than total cost

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