Refer to the table below. According to the Cost-Benefit Principle, how many units of this activity should be carried out?Units ofActivity TotalCostTotalBenefit0$0$01$30$1002$40$1603$60$1904$100$2105$150$2206$210$225
A. 6
B. 3
C. 4
D. 1
Answer: B
You might also like to view...
If you are following a tit-for-tat strategy in a repeated game, and your opponent makes a cooperative move, you will:
A. collude. B. make a cooperative move in the next round. C. price compete. D. defect.
Which term describes the process of examining the physical outputs to the physical inputs of a given production process?
a. production function b. aggregate production function c. human capital d. physical capital
When property rights are well defined and markets are competitive, the
a. market equilibrium violates the conditions for economic efficiency. b. market equilibrium is consistent with economic efficiency. c. conditions necessary for economic efficiency no longer apply. d. quantity supplied will rarely equal the quantity demanded.
The primary risk in swaps is that:
A. high U.S. government deficits will limit the availability of swaps. B. they are highly liquid and the market price will change. C. interest rates will not change. D. one of the parties will default.