Use the Table for the Question(s) Below

question 70

Multiple Choice

Use the table for the question(s) below.
Consider the following two projects:

-The payback period for project beta is closest to:

• A) 2.9 years
• B) 3.1 years
• C) 2.6 years
• D) 3.2 years

---

Definitions:

Total Utility Data

Information representing the total satisfaction or benefit received by consuming a specific quantity of goods or services.

Prices

The amount of money required to purchase a good or service, determined by factors like demand, supply, and market conditions.

Income

The money received, especially on a regular basis, for work or through investments.

Rational Consumer

An economic concept assuming that consumers make decisions to maximize their utility based on available information and their preferences.