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
Leaf surface features.
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