Corporations can finance their activities through the sale of new stocks but are legally prohibited from selling bonds.
Answer the following statement true (T) or false (F)
False
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Assume that a tariff is imposed on an imported product. The difference between the domestic price and the world price is captured by
A. domestic producers. B. the government. C. foreign exporters. D. domestic consumers.
According to the law of diminishing returns,
a. Some productions factors are fixed b. All inputs are variable c. All inputs are fixed d. None of the above
An entrepreneur is willing to bring a supply of goods to the market if expected:
A. average total cost is greater than expected price. B. average revenue is equal to expected price. C. price and expected average total cost are equal. D. price is greater than expected average total cost.
The extra cost associated with undertaking an activity is called
A) net loss. B) marginal cost. C) opportunity cost. D) foregone cost.