Is the Return Earned by Someone Who Has Forgone Current

question 14

Multiple Choice

is the return earned by someone who has forgone current consumption.

• A)the present value
• B)principle
• C)an annuity
• D)interest

---

Definitions:

Wage

A fixed regular payment, typically paid on a daily or weekly basis, made by an employer to an employee, especially to manual or unskilled workers.

Rental Rate

The cost associated with leasing a particular commodity, property, or piece of equipment per unit time.

Marginal Product

The extra production resulting from the increase of a particular input by one unit, assuming all other factors remain constant.

Output

The total amount of goods or services produced by a company, industry, or country within a specific period.