If the Net Benefit of Project a Is $10 and That

question 79

Multiple Choice

If the net benefit of Project A is $10 and that of Project B is $12,which of the following statements is true?

• A) An individual can optimize by choosing Project A.
• B) An individual can optimize by choosing Project B.
• C) Switching from Project A to Project B reduces the net benefit by $2.
• D) Switching from Project A to Project B increases the net benefit by $1.2.

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Definitions:

Rheumatology

A branch of medicine focusing on the diagnosis and treatment of rheumatic diseases that affect the joints, muscles, and bones.

Endocrinology

The branch of medicine and biology dealing with the endocrine system, its diseases, and its specific secretions called hormones.

Cardiology

A branch of medicine dealing with disorders of the heart as well as parts of the circulatory system.

Oncologist

A specialist who identifies tumors and treats patients who have cancer.