One of the drawbacks of cost-benefit analysis is that it _____
a. attempts to add up both the costs and the benefits
b. is not compatible with utilitarianism
c. cannot adjust for spending at different points in time
d. focuses on total costs and benefits
d
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If the Fed buys bonds from a private bank, ________
A) the Fed's total liabilities will remain unaffected B) the Fed's total assets will remain unaffected C) the private bank's composition of assets will change D) the private bank's total assets will increase
Refer to the information provided in Table 8.6 below to answer the question(s) that follow.
Table 8.6
Refer to Table 8.6. If the firm is in a perfectly competitive industry with a market price of $15 per unit, the firm will produce ________ units and earn a profit of ________.
A. four; $10 B. five; $15 C. four; -$10 D. three; $10