Oprah Lends $150,000 for Each New Idea

question 83

Multiple Choice

Oprah lends $150,000 for each new idea.Oprah's history is that she selects low-risk projects or ideas that hit 40% of the time.What rate of return must each successful project pay Oprah for her to break even?

• A)0%
• B)50%
• C)150%
• D)200%

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Definitions:

Consumption

The use of goods and services by households or individuals for personal needs or to satisfy their wants.

Consumption Bundle

A combination of goods and services purchased by a consumer.

Total Utility

The overall satisfaction or benefit a consumer receives from consuming a particular amount of goods or services.

Gasoline

A volatile, flammable liquid derived from petroleum, primarily used as fuel in internal combustion engines.