The marginal rate of return on investment is equal to capital's
a. MRC ? MRP/2
b. MRC/MRP
c. MRP/MRC
d. MRC ? MRP/2
e. MRC ? MRP ? the interest rate
C
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Briefly describe the Sarbanes-Oxley Act and explain why it was passed
What will be an ideal response?
Because it is small relative to the market, a perfectly competitive firm faces an inelastic demand curve for its output
a. True b. False
To say that government intervenes in the economy to promote equality is to say that government is aiming to
a. create a more fair distribution of income. b. change the ingredients that are used to "bake" the economic pie. c. enlarge the economic pie. d. All of the above are correct.
A decision maker can always make the best choice by:
A. including sunk costs as part of marginal costs. B. including sunk costs as part of total costs. C. ignoring sunk costs. D. subtracting sunk costs from total benefits.