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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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