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.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter3: Economic Decision Makers

Section: Chapter Questions

Problem 1.4P

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