Author Question: If Project A has a cost of 2, and provides a benefit of 3, and Project B has a cost of 5 and ... (Read 982 times)

armygirl

  • Hero Member
  • *****
  • Posts: 556
If Project A has a cost of 2, and provides a benefit of 3, and Project B has a cost of  5 and provides a benefit of 8, which of the following statements is true?
 
  A) The net benefit of Project A is 5.
  B) An individual can optimize by choosing Project B.
  C) Project A has a higher net benefit than Project B.
  D) A shift from Project A to Project B increases the net benefit by 1.

Question 2

If restrictions on entry and exit of firms are introduced in free markets, ________.
 
  A) all existing firms earn equal profits in the long run
  B) existing firms incur equal losses in the long run
  C) the market allocates resources efficiently
  D) resources in the market are not allocated efficiently


fauacakatahaias

  • Sr. Member
  • ****
  • Posts: 353
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

For a complete list of videos, visit our video library