The Largest Dollar Amount of Resources Flowing into a Capital

question 22

Multiple Choice

The largest dollar amount of resources flowing into a capital projects fund normally will come from

• A)dedicated property taxes
• B)user charges
• C)bond proceeds
• D)interest on investments

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Definitions:

Marginal Cost Curve

A graphical representation of the change in total cost that arises when the quantity produced changes by one unit.

Average Variable Cost Curve

A graph that shows how the average variable cost of production changes as the quantity of output changes.

Marginal Cost

The price involved in creating another unit of a good or service.

Break-even Price

The price at which total revenues equals total costs, resulting in neither profit nor loss.