When Bank of America finances your purchase of a new car, you are
A) borrowing in the stock market.
B) lending in the bond market.
C) lending in the capital market.
D) borrowing in the loan market.
E) borrowing in the bond market.
D
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The only type of business that faces limited liability is a corporation
Indicate whether the statement is true or false
When the government reduces taxes, which of the following decreases?
a. consumption b. take-home pay c. household saving d. None of the above is correct.
Firms in an oligopoly market can potentially earn economic profits: a)in the short run, but not the long run
a. In the short run, but not the long run. ?b. In the long run, but not the short run. ?c. In both the short run and long run ?d. In neither the short run nor the long run
Hours of OperationMarginal Cost16212318424530636742
Krystal runs a nail salon and needs to decide how many hours to stay open. Table 2.2 illustrates her marginal costs of staying open for each additional hour. Suppose that Krystal's marginal benefit of staying open per hour is $30. If she is following the marginal principle, how many hours should Krystal stay open?
A. 4 hours B. 5 hours C. 6 hours D. 7 hours