The reason that some corporations grow so big is:
a. double taxation
b. that they are a separate entity from their owners
c. that they have limited liability
d. none of these
c
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Redding Railroad is held liable by the courts for damages to crops growing along its lines caused by sparks flying off when trains pass. The court ordered damage assessment is $100 per adjoining acre though profits per acre are less than this. Currently, about half of the line has adjoining planted farmlands, the other half is not yet developed. As a result
a. farmers are likely to reduce the number of acres they plant. b. farmers are likely to increase the number of acres they plant in order to collect the payment. c. the railroad will increase the number of trains running. d. farmers will accept payments from the railroad equal to lost profits not to plant.
The beige book is prepared by
A) district banks. B) Board of Governors. C) FOMC staff members. D) commerce department.
________ is the sunk cost for a perfectly competitive firm in the short run, whether the firm produces or shuts down
a. Variable cost b. Fixed cost c. Marginal cost d. Total cost
Provide examples of each: consumer durable goods, consumer nondurable goods, and services. Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers.
1. Which of the following are consumer durable goods? A. A new Ford Fiesta B. Heart surgery C. A dining room table D. A jacket 2. Which of the following are consumer nondurable goods? A. A burrito B. A couch C. Mashed potatoes D. A pair of jeans 3. Which of the following are services A. Your completed taxes B. Tires C. Repairs to your truck D. Peanut butter