As the probability of detecting shirking increases, the size of the bond necessary to deter shirking
A) also increases.
B) stays the same.
C) decreases.
D) increases at an exponential rate.
C
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Which of the following would NOT be a part of personal income?
A. retirement checks B. indirect business taxes C. corporate dividend payments to shareholders D. payments received from Social Security
The figure above represents the competitive market for slices of key lime pie. When 60 slices are produced, the marginal cost
A) exceeds the marginal benefit. B) is less than the marginal benefit. C) equals the marginal benefit. D) is not defined. E) equals the deadweight loss on the 60th slice.
When money is used to set the value of goods such as cars, DVD players, and TVs, money is serving as a
A. medium of exchange. B. standard of value. C. store of value. D. standard of deferred payment.