Which of the following examples was used to illustrate the economic principle of diminishing marginal utility of wealth?

The stakeholder view of the firm as illustrated by Ben and Jerrys Homemade

The utility derived from eating either cookies or ice-cream

The liquidation value of New England Wire and Cable

The amount of tax that the married couple had to pay

If $400 grows to $4,000 in 10 years, approximately what interest rate is earned?

40%

26%

14%

10%

What is a characteristic of an inefficient market?

	A market where the costs of transactions is high
	A market where assets trade at prices that do not reflect all available information
	A market where prices can go down but not up
	A market where trading is limited to a few hours each week-day and no weekend trading

With a required rate of return of 17%, the IRR of a standard capital budgeting project is equal to 19%. What does this say about this projects NPV?

	The NPV is less than zero
	The NPV is equal to zero
	The NPV is greater than zero
	The NPV is equal to the ratio given by 19% divided by 17%.