Table 12-2 -Refer to Table 12-2.If the Price of a Weekend Ski

question 113

Multiple Choice

Table 12-2

-Refer to Table 12-2.If the price of a weekend ski pass is $138 and this price reflects the actual unit cost of providing a weekend of skiing,what is the amount of surplus value that accrues to all four skiers from their weekend trip

• A)$105
• B)$113
• C)$140
• D)$265

---

Definitions:

Sell

To sell means to exchange a product or service for money or other goods.

Serial Bonds

Bonds issued in a series, each one of which has a different maturity date and thus comes due at a different time.

Maturities

The term dates on which debts or investments are due to be paid or settled.

Bond Issue

The process by which a borrower, such as a company or government, raises funds by selling bonds to investors, with the promise to pay back with interest at future dates.