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    Choosing the best antipollution program

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    Which following antipollution programs should be undertaken by the government? Explain your answer?

    The following table shows the total costs and total benefits in billions for four different antipollution programs of increasing scope:

    Program Total Cost (in Billions) Total Benefit (in Billions)
    A-------------------$3 -------------------------------- $7
    B------------------- 7 -------------------------------- 12
    C-------------------12 -------------------------------- 16
    D-------------------18 -------------------------------- 19

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    Solution Preview

    Please refer attached file for better clarity of tables.


    Figures in billions
    Program Total Cost Total Beneft Net Benefit
    TC TB (TC-TB)
    A 3 7 4
    B 7 ...

    Solution Summary

    The solution describes the steps for choosing the best antipollution program based on cost and benefit analysis.