Most people would prefer to drive a luxury car that has all the options, but more people buy less expensive cars even though they could afford the luxury car because A) car buyers are irrational. B) the marginal utility per dollar spent on the less expensive car is higher than that spent on luxury cars. C) luxury cars cost a lot more than non-luxury cars. D) the total utility of less expensive cars is greater than that of luxury cars

You are serving on a jury. a plaintiff is suing the city for injuries sustained after falling down an uncovered manhole. in the trial, doctors testified that it will be 5 years before the plaintiff is able to return to work. the jury has already decided in favor of the plaintiff, and has decided to grant the plaintiff an award to cover the following items: a. recovery of 2 years of back-pay ($34,000 for two years ago, and $36,000 for last year, which ends today). assume that it is december 31 and that all salary is received at year end. this recovery should include the time value of money. b. the present value of 5 years of future salary. assume that the plaintiff's salary would increase at a rate of 3 percent per year. c. $100,000 for pain and suffering. d. $20,000 for court costs. assume an interest rate of 7 percent. what should be the size of the settlement?

A(n) is an alliance or collection of parties.

Abrief, "first-step" presentation of a work to be completed is called a