Refer to the data. On the basis of cost-benefit analysis, government should undertake:
The following data are for a series of increasingly extensive flood control projects:
A. Plan D.
B. Plan C.
C. Plan B.
D. Plan A.
C. Plan B.
Economics
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Suppose a firm can hire 100 workers at $8.00 per hour but must pay $8.05 per hour to hire 101 workers. Marginal factor cost (MFC) for the 101st worker is approximately equal to:
a. $8.00. b. $8.05. c. $13.05. d. $13.00.
Economics
Carl opens a 5-year CD for $1,000 that pays 3% interest compounded annually. What is the value of the CD at the end of five years?
a. $1,159 b. $1,126 c. $1,300 d. $1,150
Economics