Who receives corporate interest before any disbursement of profit is made to others?
a. employees
b. management
c. shareholders
d. banks
e. bondholders
E
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If you are willing to pay no more than $4 for a slice of pizza and the price of a slice of pizza is $4, then
A) if you buy it, you would be cheated because you would realize no total benefit from the purchase. B) you buy it but you get no marginal benefit from the purchase. C) you will not buy it. D) you buy it but you get no consumer surplus from the purchase. E) you might buy it depending on how the slice's marginal benefit compares to its price.
The efficient level of pollution is greater
a. The higher the marginal social benefit of abatement function and the higher the marginal social benefit of abatement function. b. The higher the marginal social benefit of abatement function and the lower the marginal social benefit of abatement function. c. The lower the marginal social benefit of abatement function and the higher the marginal social benefit of abatement function. d. The lower the marginal social benefit of abatement function and the lower the marginal social benefit of abatement function.
Cross-elasticity of demand measures the responsiveness of the quantity demanded of one good to a change in the price of another good
a. True b. False Indicate whether the statement is true or false
Using the standard 45-degree line diagram, how does a decrease in investment spending effect the expenditure schedule?
a. It increases the slope of the expenditure schedule. b. It decreases the slope of the expenditure schedule. c. It shifts the expenditure schedule downward. d. It shifts the expenditure schedule upward.