Multiple Choice
The benefit-cost ratio for an activity is equal to:
A) the total value of its benefits divided by the total value of its cost.
B) the marginal private benefits the good provides less any additional external or third-party benefits.
C) the present value of its benefits divided by the present value of its cost.
D) the marginal private benefits the good provides divided by any additional external or third-party costs.
E) the present value of its benefits less the present value of its cost.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: In the United States, public sector purchases
Q2: Economists consider a pure public good to
Q4: To maximize the net social benefit received
Q5: All of the following would be considered
Q6: City Council member Alfred Garcia has proposed
Q7: The State Legislature is attempting to choose
Q8: The net social benefit of a good
Q9: To maximize the net social benefit received
Q10: The marginal social cost of a good
Q11: The benefit-cost ratio B/C) for an activity