The economizing problem is essentially one of deciding how to make the best use of
A) unlimited resources to satisfy limited wants.
B) unlimited resources to satisfy unlimited wants.
C) limited resources to satisfy limited wants.
D) limited resources to satisfy virtually unlimited wants.
D) limited resources to satisfy virtually unlimited wants.
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The marginal principle dictates that marginal cost should equal marginal benefit
Indicate whether the statement is true or false
A firm’s price is
A. greater than average revenue. B. greater than marginal revenue. C. less than marginal cost. D. equal to average revenue.
Which of the following components are used to calculate GDP?
a. tons as a unit of measurement; intermediate goods; new products b. dollars as a unit of measurement; final services; new products c. millimeters as a unit of measurement; intermediate goods; used products d. dollars as a unit of measurement; final services; used products
Which of the following statements about stock-issuing firms is FALSE?
A. Firms that pay dividends cannot lose money for their investors because the stockholders can at least count on the dividend payment every year. B. Firms that issue new stock a second time are making a secondary public offering. C. Firms that issue stock are participating in the equity credit channel. D. Firms that issue stock for the first time do so through an initial public offering, handled by an investment bank.