Preferences Can Be Described as

question 437

Multiple Choice

Preferences can be described as

• A) what a person likes and dislikes.
• B) the income opportunities of several activities.
• C) feasible consumption combinations.
• D) the relative prices of goods and services.

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Definitions:

Initial Contribution

The initial investment or capital put into a business venture or project by its founders or investors.

Equipment

Tangible assets used in the operation of a business, such as machinery, computers, and vehicles, which are used over a period of time and subject to depreciation.

Cash

Money in the form of currency that can be used immediately for transactions, including coins, currency notes, and money in bank accounts.

Gain On Equipment

Profit realized from the sale of equipment that is more than its book value.