Answer the following statement(s) true (T) or false (F)
1. The price of a bond can be expressed as its Face Value minus its Discount.
2. A dividend is the amount of money a shareholder is paid (per share) at years end.
3. A representative agent is someone that acts as a proxy for an investor during corporate votes.
4. If marginal costs are significant, then the price of an exhaustible resource grows at the rate of interest.
1. True
2. False
3. False
4. False
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The provision of the Patient Protection and Affordable Care Act (ACA) which states that, with limited exceptions, every resident of the United States must have health insurance that meets certain basic requirements is the ________ provision
A) regulation of health insurance B) state health insurance marketplaces C) individual mandate D) employer mandate
Refer to Table 15-1. What is the marginal revenue from the sale of the 12th unit?
A) $75 B) $50 C) $20 D) -$5
Currency devaluations hurt consumers because they make imports ________ expensive
a. Less b. More c. All of the above d. None of the above
If economic profits are zero
A) accounting profits is less than the cost of capital. B) accounting profit is just covering the cost of capital. C) the cost of capital is negative. D) the entrepreneur should go to his/her next best alternative.