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

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