Author Question: Complete the sentence. An entrepreneur advances a project only if the expected marginal benefit ... (Read 119 times)

jessicacav · **on:** Jun 29, 2018

Complete the sentence. An entrepreneur advances a project only if the expected marginal benefit exceeds the expected marginal cost,

A) and so does a government bureaucrat.
B) but a government bureaucrat advances a project only if the marginal cost exceeds the marginal benefit.
C) but a government bureaucrat is in no position to determine the cost of his own action.
D) but a government bureaucrat has no concern about the benefit of his own action.

Question 2

Refer to the scenario above. If the individual places his bet on ten pockets, his likelihood of winning is:

A) 5.
B) 10.
C) 20.
D) 25.