Which of the following DOES NOT agree with the definition/description of Benefit-Cost ratio? A. Benefit-Cost ratio can have a value less than 0, but the project is not economically feasible. B. A Benefit-Cost ratio less than 1 means that the benefits are inferior of the costs. C. If conventional Benefit-Cost ratio is less than 1, so does the modified Benefit-Cost ratio. D. If the annual costs = annual benefits, the conventional and modified Benefit-Cost ratios are equal to 0.
Which of the following DOES NOT agree with the definition/description of Benefit-Cost ratio? A. Benefit-Cost ratio can have a value less than 0, but the project is not economically feasible. B. A Benefit-Cost ratio less than 1 means that the benefits are inferior of the costs. C. If conventional Benefit-Cost ratio is less than 1, so does the modified Benefit-Cost ratio. D. If the annual costs = annual benefits, the conventional and modified Benefit-Cost ratios are equal to 0.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 17SQ
Related questions
Question
Which of the following DOES NOT agree with the definition/description of Benefit-Cost ratio?
A. Benefit-Cost ratio can have a value less than 0, but the project is not economically feasible.
B. A Benefit-Cost ratio less than 1 means that the benefits are inferior of the costs.
C. If conventional Benefit-Cost ratio is less than 1, so does the modified Benefit-Cost ratio.
D. If the annual costs = annual benefits, the conventional and modified Benefit-Cost ratios are equal to 0.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you