Its lunch time, you are hungry and would like to have some pizza. By the law of diminishing marginal value,
a. you would pay more for your first slice of pizza than your second
b. you would pay more for your second slice of pizza than your first
c. you would pay an equal amount of money for both the slices since they are identical
d. none of the above
a
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A corporation's market capitalization is best described as
A) the total value of its stocks and bonds. B) the total value of its common and preferred stock. C) its total profit for a particular year. D) its average profit over a period of years.
In response to the threat of budget cuts, the Connecticut State Department of Recreation proposed shutting down many state parks and beaches. This is a good example of
a. cost efficiency in bureaus b. Niskanen's theory of budget-maximizing bureaus c. the median-voter model d. logrolling e. direct democracy
What is meant by scientific method?
What will be an ideal response?
What role do well-functioning financial markets play in a market economy?
What will be an ideal response?