Economists Predict That the __________ the Cost of Shirking to an Individual

question 144

Multiple Choice

Economists predict that the __________ the cost of shirking to an individual, __________ shirking that the individual will undertake, ceteris paribus .

• A)lower; there will be no impact on the
• B)higher; the less
• C)lower; the more
• D)higher; the more

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Definitions:

Double-declining-balance Method

A depreciation approach that speeds up the process by using a rate twice that of the typical straight-line method.

Sales Price

The amount of money charged for a product or service, or the sum a customer pays to purchase something.

Salvage Value

The presumed value for resale of an asset at life’s operational end.

Depreciation

The methodical reduction of the recorded cost of a fixed asset to allocate its expense over its useful life.