CFA 2 QUESTIONS AND ANSWERS
WITH VERIFIED SOLUTIONS 100%
CORRECT RATED A+
Trade-offs - ANSWER✔✔Alternatives that must be given up when one is chosen
rather than another
opportunity cost - ANSWER✔✔the most desirable alternative given up as the
result of a decision
Efficiency - ANSWER✔✔using resources in such a way as to maximize the
production of goods and services
Marginal Costs - ANSWER✔✔the cost of producing one more unit of a good
Marginal Benefits - ANSWER✔✔Additional benefits; the benefits connected with
consuming an additional unit of a good or undertaking one more unit of an activity.
WITH VERIFIED SOLUTIONS 100%
CORRECT RATED A+
Trade-offs - ANSWER✔✔Alternatives that must be given up when one is chosen
rather than another
opportunity cost - ANSWER✔✔the most desirable alternative given up as the
result of a decision
Efficiency - ANSWER✔✔using resources in such a way as to maximize the
production of goods and services
Marginal Costs - ANSWER✔✔the cost of producing one more unit of a good
Marginal Benefits - ANSWER✔✔Additional benefits; the benefits connected with
consuming an additional unit of a good or undertaking one more unit of an activity.
