Last Tuesday you purchased 100 shares of Jitters Coffee Company, a corporation, for $25.00 per share. Unfortunately, the company went bankrupt later that same day
If the company still owed $1 million in debts after all assets have been liquidated and there are 1 million stockholders, what would be your personal loss from the remaining debt? A) $0
B) $1.00
C) $100.00
D) $1 million
A
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In the case of either a positive or negative externality, a good's market price will:
A. not fully reflect a good's social marginal cost or social marginal benefit. B. be too high. C. be too low. D. not equate the quantity supplied by sellers with the quantity demanded by buyers.
?A common form of sample selection that does not observe the dependent variable because of the outcome of another variable is called _____.
A. ?nonrandom sample selection B. ?exogenous sample selection C. ?incidental truncation D. ?endogenous sample selection
Full-employment equilibrium occurs when...
What will be an ideal response?
All of the possible combinations of two goods that lie on one indifference curve
A. Are affordable. B. Yield the same level of marginal utility. C. Yield the same level of utility. D. Give the consumer the highest possible utility.