A firm that is NOT maximizing profits
A) would never be able to operate in the United States.
B) must not be owned by stockholders.
C) may find it difficult to raise financial capital from external capital markets.
D) is likely to face legal prosecution from the Department of Commerce.
Answer: C
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Who has a higher bargaining power if the demand for the good being transacted is price-elastic?
What will be an ideal response?
Large banks in the United States:
A. may not keep more than 10% of deposits in reserve. B. are required to keep between 10% and 90% of deposits in reserve. C. are not required to keep any deposits in reserve. D. must keep at least 10% of deposits in reserve.
A carbon tax placed on coal will:
A. shift the supply curve for coal to the right. B. shift the supply curve for coal to the left. C. not affect the supply curve for coal. D. decrease the demand for coal.
What is the law of diminishing marginal product? Is it a realistic concept for describing the real world? Explain
What will be an ideal response?