Since the Cost of Obtaining More of Any Resource Is

question 135

Multiple Choice

Since the cost of obtaining more of any resource is __________,viewing any resource's price as zero leads to __________.

• A) positive;underutilization
• B) negative;overutilization
• C) zero;an efficient allocation
• D) positive;overutilization
• E) positive;a surplus

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Definitions:

Premium

The amount paid for an insurance policy, or the difference between the higher price paid for a bond above its face value.

Discount

A reduction applied to the regular price of goods or services, often to encourage sales.

Par Value

A nominal value or face value assigned to a share of stock by the corporation at the time of issue.

Articles Of Incorporation

These are legal documents filed with a governmental body to legally document the creation of a corporation.