Refer to the above table. Based on cost-benefit analysis, the city should:
a. not build any of these stadiums.
b. build stadium E.
c. build stadium C.
d. build stadium D.
Answer: d. build stadium D.
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Joe likes to sleep late in the mornings and play tennis in the afternoons. The opportunity cost of Joe attending his morning class for one hour is
A) an hour of tennis given u
The ________ a corporation keeps to finance future expansion are known as retained earnings
A) dividends B) stock C) bonds D) profits
If the marginal cost curve is below the average variable cost curve, then
A) average variable cost is increasing. B) marginal cost must be decreasing. C) average variable cost could either be increasing or decreasing. D) average variable cost is decreasing.
If stock prices are expected to climb next year, everything else held constant, the ________ curve for bonds shifts ________ and the interest rate ________
A) demand; left; rises B) demand; right; rises C) demand; left; falls D) supply; left; rises