The net benefit of a particular alternative equals:
A) the benefits received from the alternative plus the costs incurred in choosing the alternative.
B) the benefits received from the alternative divided by the costs incurred in choosing the alternative.
C) the costs incurred in choosing the alternative divided by the benefits received from the alternative.
D) the benefits received from the alternative minus the costs incurred in choosing the alternative.
D
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In a world with no money, costs are expressed in terms of other goods. If one video game costs two hamburgers, and a hamburger costs three sodas, how many sodas would it take to buy a video game?
A) 6 B) 5 C) 3 D) 3/2
Refer to Table 4-2. The table above lists the highest prices five consumers are willing to pay for a theater ticket. If the price of one ticket falls from $25 to $10
A) consumer surplus decreases from $24 to $12. B) consumer surplus increases from $0 to $31. C) only three tickets will be sold. D) everyone will buy a ticket.
If an investor is certain that market interest rates will decline in the future, which of the following will she be most likely to purchase?
A) a six-month government bill B) a two-year government note C) a ten-year government bond D) a fifty-year government bond
Which legal claim comes with the most preferential treatment in the payment of dividends?
A. common stock B. preferred stock C. bond D. interest