An investment that has the same features, such as risk and ease of selling, as the investment being considered by buyers and sellers is referred to as a(n):
a. equivalent investment.
b. comparable investment.
c. twin investment.
d. dual investment.
e. duplication investment.
Question 2
A ten-year-old boy spent his allowance on a soccer ball and a baseball glove. He said he could not be happier buying anything else. The price of the ball was 5, while the price of the glove was 10 . If the marginal utility he received from the ball was 15 utils, then:
a. the marginal utility he received from expenditure on the glove was 3 utils.
b. the marginal utility he received from expenditure on the glove was 30 utils.
c. the total utility per dollar he received from expenditure on the glove was 3 utils.
d. the total utility per dollar he received from expenditure on the glove was 10 utils.
e. the marginal utility he received from the expenditure of the glove was 10 utils
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