Question: The pizza and root beer example used in class in the topic of Foundations illustrated which economic principle? Diminishing Marginal Return Conservation of Value Diminishing

The pizza and root beer example used in class in the topic of Foundations illustrated which economic principle?

Diminishing Marginal Return

Conservation of Value

Diminishing Marginal Utility of Wealth

The Law of One Price

Which of the following is a tool used to minimizing agency costs?

Inflation

Compensation plans

Intermediation

Taxation

Which of the following comes closest to the present value of receiving $100 in 9 months if the interest rate is 1%?

$97.81

$99.26

$97.10

$98.53

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