The slope of a straight line
A. is always equal to zero.
B. is the same at all points along that line.
C. changes from one point to the next on that line.
D. cannot be defined.
Answer: B
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Equity holders are a corporation's ________. That means the corporation must pay all of its debt holders before it pays its equity holders
A) debtors B) brokers C) residual claimants D) underwriters
Most firms are not monopolies in the real world because
a. firms usually face downward-sloping demand curves b. supply curves slope upward c. price is usually set equal to marginal cost by firms d. monopolies are not efficient e. there are substitutes for most goods
What is the highest price that a firm would be willing to pay for one marketable pollution permit?
A. an amount equal to the purchasing firm's marginal abatement cost B. an amount equal to the social benefit of pollution reduction C. an amount determined by supply and demand in the market D. an amount equal to the selling firm's marginal abatement cost
With a recession under way, consumers have less money, causing a demand shift to the right.
Answer the following statement true (T) or false (F)