-The Table Above Shows the Marginal Benefit from Pizza and the Marginal

question 102

Multiple Choice

-The table above shows the marginal benefit from pizza and the marginal cost of pizza in cans of soda forgone. The allocatively efficient quantity of pizza is ________ pizzas per day.

• A) 70
• B) 10
• C) more than 70
• D) 40

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Definitions:

Marketable Securities

Financial instruments and assets that can easily be converted into cash without significant loss of value.

Investments

Investments refer to assets purchased with the intention of generating income or appreciation, including securities like stocks and bonds, real estate, or other vehicles.

FASB

Financial Accounting Standards Board, an independent organization responsible for establishing and improving financial accounting and reporting standards in the United States.

Fair Value

This is the estimated price at which an asset or liability could be traded in an orderly transaction between market participants at the measurement date.