The person most likely to receive a payment from a corporation in a year of losses is the
A. bondholder.
B. investment banker.
C. common stockholder.
D. preferred stockholder.
Answer: A
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Which of the following remedies can be used to prevent the beekeeper and the farmer from breaking the contract?
a. Separating the ownership and management of the bees and trees. b. Merging the ownership and management of the bees and the trees. c. Providing the farmer a larger share of the net benefit received from the contract. d. Providing the bee keeper a larger share of the net benefit received from the contract.
A factor critical to economic growth is
A. increased saving rates. B. increases in human consumption. C. reduced dependence on imports. D. technological change that increases labor productivity.
A sporting goods store observes that as they reduce the price of squash balls from $5 to $4, their quantity demanded rises from 200 to 220. Rounding to the nearest tenth, they correctly compute the elasticity of demand of squash balls to be:
A. 2.3. B. 5. C. 0.4. D. 0.1.
Suppose that when the level of output for the firm increases from 50 to 60 units, its variable costs increase from $500 to $700. What is the firm's marginal cost?
A) $5 B) $10 C) $20 D) $115