In the short run, the price at which a firm's total revenues equal its total costs is
A) a point of positive profits.
B) a no return price.
C) the short-run shutdown point.
D) the short-run break-even point.
D
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A loan covenant is a guarantee provided by the directors of a company that a term loan will be repaid by the maturity date.
a. true b. false
If, in response to an increase in the price of pineapples, the quantity of pineapples demanded decreases, then economists would describe this as
A) an decrease in demand. B) a decrease in quantity demanded. C) a change in consumer income. D) a decrease in consumers' taste for pineapples.
A municipal bond issued by the state of Colorado to construct a new toll highway is a __________ bond
A) revenue B) collateralized C) general obligation D) Treasury
When investment banks buy or sell securities on their own account, it's called
A) financial engineering. B) proprietary trading. C) underwriting. D) factoring.