Risk is _________ a part of cost-benefit analysis.
A. never
B. always
C. unable to be calculated
D. decided by others whether to be
B. always
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The market demand for MP3 players is p = 50 - 0.5Q, and the marginal cost for an MP3 player is $10. If Nick receives 60% of the total profit, then
A) Nick will produce 50 MP3 players. B) Nick receives $500 as profit. C) total profit is $800. D) the efficiency in production is not achieved.
The main measure of inflation is the ________________ computed and reported each month by the Bureau of Labor Statistics
a. Consumer Price Index b. Product Producer Index c. Consumer Confidence Survey d. New Homes Sales Matrix
Which of the following can the Fed do to change the money supply?
a. change reserves or change the reserve ratio b. change reserves but not change the reserve ratio c. change the reserve ratio but not change the reserve ratio d. neither change reserves nor change the reserve ratio
Marginal utility
A) at first rises and then declines as a person consumes more of a good or service. B) can be thought of as being the equivalent to total utility. C) equals the total satisfaction from consumption of goods and services. D) is stable, but then as a person consumes more of a good or service, has a propensity to increase.