Unexpected discoveries of mineral reserves will ordinarily cause the price of these minerals to increase
a. True
b. False
Indicate whether the statement is true or false
False
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If the price of a product is $10 per unit and the variable cost per unit is $5, the firm is making a profit.
Answer the following statement true (T) or false (F)
Assume an income tax was doubled. Describe what would happen to labor supply and leisure. Can we be about the net effect on labor supply?
What will be an ideal response?
Stockholders normally receive higher expected returns, compared to bondholders, since
A. the government mandates higher payments to stockholders. B. stock prices go up and down while bond prices do not. C. profits may only be retained by the corporation and not paid out to stockholders. D. stockholders could be left with nothing if the corporation fails, and bondholders will receive interest payments even if the corporation suffers losses.
When decision rights are decentralized, typically
a. decisions are being moved to those with less of the relevant information b. decisions are being moved from those with stronger incentives to make good decisions c. decisions are being moved from those with more of the relevant information d. decisions are being moved from those with weaker incentives to make good decisions