A $150,000 Bond Issue Sold at 93

question 77

Multiple Choice

A $150,000 bond issue sold at 93.8 will cost:

• A)whatever cost is negotiated.
• B)$150,000.
• C)$159,300.
• D)$140,700.

---

Definitions:

Marginal Benefit

Additional value or satisfaction obtained by consuming an extra unit of a good or service.

Utility-Maximizing Rule

A principle in economics that states individuals allocate their resources to maximize their utility or satisfaction.

MU/P Ratio

The marginal utility per unit of cost ratio, used in economic theory to analyze consumer choice behavior.

Marginal Utility

The additional contentment or value received by using one more unit of a good or service.