Periodic payments of net earnings to shareholders are known as
A) capital gains.
B) dividends.
C) profits.
D) interest.
B
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Under the gold standard, the government must have enough gold to back up any
A) change in its currency's exchange rate. B) foreign currency deposits in its central bank. C) increase in money demand. D) increase in the money supply.
Which of the following statements is false?
A. If a negative externality exists, the market output is greater than the socially optimal output. B. If a positive externality exists, the market output is less than the socially optimal output. C. If there are no external costs or benefits, then it follows that marginal private costs equal marginal social costs and marginal private benefits equal marginal social benefits. D. When a positive externality exists, marginal social benefits are greater than marginal private benefits. E. none of the above
A short-run supply curve is
a. horizontal, summing individual supply curves b. temporary, and disappears when price rises c. downward sloping reaching the horizontal axis d. upward sloping e. vertical
In the above figure, total revenue for this profit-maximizing monopolistically competitive firm is
A. $96,000. B. $91,000. C. $50,000. D. $100,000.