Calculate the discounted value of $2,875 to be received from a bank a year later at an interest of 15 percent per annum
a. $2,625
b. $2,075
c. $2,015
d. $2,500
D
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Among the chief concerns about the use of benefit-cost analysis is that
a. monetizing the benefits of a policy proposal is difficult b. identifying and estimating implicit costs isa major challenge c. equity might not be achieved if, for example, costs are distributed unevenly d. all of the above e. none of the above
Which of the following costs are part of a firm's opportunity costs? I. costs for resources bought in markets II. costs for resources the firm owns III. costs for resources supplied by the owner
A) I and II B) I and III C) I only D) I, II, and III
Decrease in stock market wealth will ________ the expenditure curve:
A) decrease. B) increase. C) not change. D) none of the above.
Which of these types of costs can be ignored when an individual or a firm is making decisions?
a. sunk costs b. marginal costs c. variable costs d. opportunity costs