Which of the following distinguishes corporations from the other forms of business organization?
a. Corporations can issue stock.
b. Corporations are permitted to operate in other countries.
c. Corporations can produce more than one product.
d. Corporations can offer both products and services.
e. Corporations are subject to unlimited liability.
A
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At the break-even point for the consumption function
A) saving is positive. B) saving is zero. C) saving is negative. D) the marginal propensity to consume equals l.
Complete tastes are tastes that make people desire at least some of every good.
Answer the following statement true (T) or false (F)
Refer to the accompanying figure. Suppose the solid line represents the current supply of Star Wars action figures. If retailers learn that a new Star Wars movie will be released in several months, this news is likely to cause:
A. a decrease in the quantity supplied, but no change in current supply. B. current supply to shift to S(B) in anticipation of higher future prices. C. neither a change in supply nor a change in quantity supplied since only future demand will change. D. current supply to shift to S(A) in anticipation of higher future prices.
Exhibit 3A-1 Comparison of Market Efficiency and Deadweight Loss
As shown in Exhibit 3A-1, if the market is in equilibrium, then producer surplus is represented by:
A. ADFB. B. CEFD. C. EGH. D. BEF.