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 814 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?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

For a complete list of videos, visit our video library