All of the following statements about value are correct EXCEPT The value of a thing is determined by the marginal utility this thing brings to the evaluator. The value of an investment asset is money-based. The value of an investment asset is determined by the subjective, forward-looking benefit-cost analysis of the evaluator. The value of a thing is determined by the cost to produce or obtain this thing.

All of the following statements about value are correct EXCEPT The value of a thing is determined by the marginal utility this thing brings to the evaluator. The value of an investment asset is money-based. The value of an investment asset is determined by the subjective, forward-looking benefit-cost analysis of the evaluator. The value of a thing is determined by the cost to produce or obtain this thing.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth

Section: Chapter Questions

Problem 3SQ

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