If you want to vote for the management of the corporation, you should buy

A) common stock.
B) preferred stock.
C) bonds.
D) either common stock or preferred stock.


Answer: A

Economics

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Indicate whether the statement is true or false

Economics

Decision making on the margin involves

A) comparing the marginal cost and marginal benefits when making a decision. B) comparing the total cost and the total benefit when making a decision. C) eliminating the additional cost when making a decision. D) determining the total benefits of a decision. E) comparing the benefits from the social interest to the benefits from the person's self-interest.

Economics

What is an economic model?

A) It is a description of an economic issue that includes all possible related information. B) It is a description of an economic issue based on official government information. C) It is a detailed version of some aspect of economic life used to analyze an economic issue. D) It is a simplified version of some aspect of economic life used to analyze an economic issue.

Economics

If average variable cost exceeds average fixed cost at a particular level of output: a. Profits must be positive

b. That fact is meaningless for deciding the quantity of output to produce. c. It is more likely that the output level is low relative to the designed capacity of the production facility than that the output level is low relative to the designed capacity of the production facility. d. Both b and c. are likely true.

Economics